Bull Flattening Amid Election Anxiety

A relatively quiet overnight session for Treasuries, with trading remaining within ranges, seemingly awaiting yet further clarity on the fiscal stimulus outlook, and perhaps in anticipation of tonight's final presidential debate.

• Some bull flattening began overnight on last night's reports of foreign efforts to interfere in the Nov election, continued in European hours despite (because of?) stock futures coming off the lows.
• The 2-Yr yield is unchanged at 0.1472%, 5-Yr is down 0.5bps at 0.3506%, 10-Yr is down 1.3bps at 0.8092%, and 30-Yr is down 2.3bps at 1.6127%. Dec 10-Yr futures (TY) down 0.5/32 at 138-18 (L: 138-15.5 / H: 138-19.5).
• Speaker Pelosi and Treas Sec Mnuchin to continue talking on stimulus deal today - Pelosi holds a press conference at 1045ET. The 2nd and final Trump-Biden debate is at 2100ET.
• We get weekly jobless claims at 0830ET, Sep existing home sales at 1000ET, KC Fed Mfg Index at 1100ET.
• A relative dearth of Fed speakers vs the standard of the past few days, as we wind toward the pre-FOMC blackout period: 1310ET sees Richmond's Barkin and SF's Daly, with Dallas' Kaplan speaking at 1800ET.
• 1130ET sees combined $65B sale of 4-/8-week bills, with 5-Yr TIPS auction for $17B at 1300ET. NY Fed buys ~$1.75B of 20-30Y Tsys.