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It's been flat range trading in.....>

US TSYS SUMMARY
US TSYS SUMMARY: It's been flat range trading in the European session for Tsys
(though decent volumes), after weakness early in Asia-Pac trading on a renewed
move higher in equity futures. Also note, USD continues to lose ground.
- Curve off steepest levels but some points (5s30s) hitting multi-year highs as
bear steepening continues, with long end still under pressure.
- The 2-Yr yield is up 0.4bps at 0.1663%, 5-Yr is up 0.8bps at 0.3258%, 10-Yr is
up 1.6bps at 0.7016%, and 30-Yr is up 2.2bps at 1.5095%.
- Sep 10-Yr futures (TY) down 5/32 at 138-22.5 (L: 138-18 / H: 138-28).
- ADP payrolls eyed at 0815ET (est -9.0mln for May), with final svc/comp PMIs at
0945ET. Then at 1000ET we get ISM non-manufacturing for May as well as Apr
Factory orders and final Durable Goods.
- Supply today is all bill sales: $40bln each of 105-day and 154-day.
- NYFed buying $3bln in 20-30Yr Tsys.

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