It has been a sedate start to the session...>

US TSYS: It has been a sedate start to the session for U.S. Tsys, with T-Notes

last trading at the top of their 4 tick range as Asia-Pacific equities struggle

for a clear sense of direction following the swings seen in recent sessions,

while U.S. equity index futures edge lower.

- Cash trade has seen yields fall by ~0.8-1.5bp across the curve.

- The Eurodollar strip trades unchanged to 2.0 ticks higher, sitting a touch

flatter last.

- Focus Wednesday turns to addresses from Fed's Bullard, George, Bostic &

Mester, as well as the release of the Fed's Beige book. Data releases are

headlined by new home sales & Markit flash PMI surveys.

- There is some focus on Wed's BoC MonPol decision, with a 25bp hike to 1.75%

widely anticipated; while no major policy developments are likely at this week's

ECB meeting.

- T-Notes last 118.11+, U.S. 10-Year cash Tsy yields last 3.152%.