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/EGBS: And BMO's Lyngen adds.......>

US TSYS/RESEARCH
US TSYS/RESEARCH: /EGBS: And BMO's Lyngen adds that outside of Washington, the
Tsys market's "focus this week will remain on monetary policy as we drag slowly
towards Friday's Jackson Hole speeches. Draghi's first policy speech of the week
occurred overnight, and if it was any precursor to what we should expect on
Friday, there are going to be a lot of heavy eyelids in the Rocky Mountain
range. Mario offered no clues as to the ECB's plans to alter its bond buying
program in 2018 and while his upcoming appearance will certainly be scrutinized
for signals nonetheless, we continue to suspect that the Sept. 7th (ECB) policy
meeting is the first real chance for any meaningful guidance."

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