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Choppy week opener on light volumes....>

US TSY FLOWS
US TSY FLOWS: Choppy week opener on light volumes (TYU<650 by the close, appr
half a decent summer session volume). US Rates opened well bid along with
equities, Gold and West Texas crude. Little to no react to May Existing Home
Sales -9.7% To 3.91M. 
- Knock-on bid in rates with EGBs while sources cited "less dire" virus count
from Florida and Arizona for support in equities (in addition to weaker US$).
Rate support receded around midmorning amid chatter over next stimulus package
outline (over $1T) added to the risk-on tone as equities make new highs (ESU0
+43.5). 
- Virus headline sensitivity remained in force: Late risk-on unwinding around
time Texas Gov headline: "TEXAS GOVERNOR SAYS VIRUS IS SPREADING AT UNACCEPTABLE
RATE" Bbg. Yld curves mixed after the bell after trading flatter in first half.
- The 2-Yr yield is up 0.4bps at 0.1897%, 5-Yr is up 0.5bps at 0.3314%, 10-Yr is
up 0.8bps at 0.702%, and 30-Yr is up 0.2bps at 1.4602%.

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