It's been pretty good volume........>

US TSYS SUMMARY: It's been pretty good volume overnight (~310k TYs traded as of

0630ET) despite a completely clean slate today in terms of data and speakers.

- Risk-off sentiment has been driving the interest (particularly in terms of

unwinds ahead of a long weekend), with China dominant in most of the headlines

(particularly re the Hong Kong situation). 

- Curve seeing some decent bull flattening as a result (though off flattest

levels of the session), with the 2-Yr yield is down 0.6bps at 0.1595%, 5-Yr is

down 1.8bps at 0.3206%, 10-Yr is down 2.8bps at 0.6444%, and 30-Yr is down

3.6bps at 1.3504%.

- Jun 10-Yr futures (TY) up 7/32 at 139-9 (L: 139-01.5 / H: 139-13.5).

- S&P futures off the lows but still down 0.3%.

- NY Fed buying ~$6B in 2.25-4.5Y Tsys, results at 1030ET. Next week's purchase

schedule due out later today as well.

- Reminder, half day of U.S. bond trading today, and of course closed Monday.