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GOVIES are settling somewhat and........>

MARKET TALK
MARKET TALK: GOVIES are settling somewhat and within ranges in the past hour,
with very little of note on the calendar for today. 
-UK 5/30 is testing high of the day, but in smalls. 
-Bund and Tnotes are off their highs, and would suspect for the shorter end on
the Treasury strip to be capped, ahead of the US 2yr and 5yr Auction later
tonight.
*USD extended losses during our morning European session, but seeing small
selling against G10 at least, as Gold retraces all of the early trading losses.
** ALL EYES are of course on the {us} Fed and the {eu} ECB this week. 
-Tomorrow, for Scandies with get the Riksbank rate announcement.

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