Politics, FOMC Speakers, 3-Yr Note Supply Eyed

Tsys have enjoyed modest upside and are well off Asia-Pac session lows early Monday, with the dollar stronger and equities on the back foot (largely on profit-taking / COVID lockdown concerns). Political developments, 3-Yr Supply and Fed speakers eyed.

• Mar 10-Yr futures (TY) up 1/32 at 136-22 (L: 136-14.5 / H: 136-24)on average volume (~250k).
• The 2-Yr yield is flat at 0.133%, 5-Yr is down 1.1bps at 0.4722%, 10-Yr is down 1.4bps at 1.1018%, and 30-Yr is down 1.6bps at 1.857%. (Note late cash open due to Tokyo holiday.)
• With the Biden inauguration 9 days away, attention remains on Congress and attempts to oust Pres Trump: Democratic leadership to have a conference call Mon afternoon on options; possible initial House resolution put forward on invoking 25th amendment today, w roll call vote Tuesday.
• No data out today. Fed speakers though: Atlanta's Bostic at 1200ET and Dallas' Kaplan at 1800ET; both speaking specifically on the economy / monetary policy.
• 1130ET, we get $105bn of 13-/26-week bill sale, and then at 1300ET: $58bn 3Y Note auction. NY Fed buys ~$2.425B of 1-7.5Y TIPS.