It was a quiet start to the week,......>

US TSY/RECAP: It was a quiet start to the week, although long end support

evaporated late on.

- Eyes are firmly fixed on Wednesday's FOMC MonPol decision with a 25bp hike

expected (some would say its a given).

- 1-, 3- and 6-Month bill auctions alongside limited second tier data provided

little in the way of US economic catalysts on Monday.

- Tsys opened near late overnight lows, trailing the weaker Bund.

- The space had rebounded by mid-NY morning, extending the top end of the range

into midday as equities fell sharply, aided by large block buys through the

offer.

- Swap spreads were tighter by the close, with the short end leading the move,

as a pick up in swappable supply weighed on spreads.

- T-Notes last 120.09+, US 10-Year yield last 2.855%.