BMO's Ian Lyngen said that the.....>

US TSYS/RESEARCH: BMO's Ian Lyngen said that the US Treasury market "rallied

through much of the session, driven by some early softness in stock markets and

crude weakness that persisted through much of the session. To put the moves in

context, however, the largest move in the 10-year was still less than 1.5 bp,

and we're more apt to characterize the market's moves as a holding pattern

before we get meatier data later this week, a (ECB head) Draghi presser on

Thursday and a Fed statement next week."

- He adds that "all this of course assumes no political fireworks in the next

few sessions, but that's unlikely to hold for long with President Trump

promising he is "very, very close" on a Fed pick. We're expecting to trade that

bit of data shortly with the "right" name offering a potential range-breaking

event."