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BMO analyst Ian Lyngen likes 2s/5s..........>

US TSYS
US TSYS: BMO analyst Ian Lyngen likes 2s/5s steepeners, with a price target in
the "mid-50s"after entering the trade last Friday. Lyngen said the "steepening
impulse" remains intact, as stronger data balances flagging inflation
figures,"causing enough uncertainty about inflation to delay the next Fed hike
while offering enough strength to keep the hopes for 2018 hikes alive." Lyngen
adds Wed's FOMC minutes release will confirm balance sheet reduction in
September "while leaving the next hike timing data-based."

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