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### Are US financials in a world of their...>

US TSYS
US TSYS: ### Are US financials in a world of their own as the Fed rush toward
normalization and 2% inflation target? Still holding onto risk-on hopes after
Tsy Sec Mnuchin comments over weekend China trade war "postponed" on lower
tariffs? Tsys back to mildly lower (after rejecting 3.12% late last week, 10YY
currently at 3.073%), yld curves rebounding off flatter levels while equities
regain their footing (emini +22.0, 2735.0). If widening of sovereign 10Y spds
vs. German Bunds below continue, a reckoning is likely -- can't ignore the
political turmoil in Europe forever.
* Italy +21.0 to 185.0
* Portugal +17.7 to 144.0
* Spain +12.2 to 97.0
* Greece (outperforming) +6.7 to 396

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