Limited start for U.S. Tsy...........>

US TSY FUTURES: Limited start for U.S. Tsy futures, with a fairly muted reaction

in U.S. equity index futures to the weekend news flow. Traders wary on the back

of weekend BBG source reports suggesting that U.S. President Trump was looking

at removing Fed Chair Powell. This has subsequently been played down by members

of Trump's administration and White House staff, with questions over the

legality of such a move apparent. Elsewhere U.S. Tsy Sec Mnuchin called around

the large U.S. banks' CEOs, in what was seemingly a liquidity monitoring

exercise. All the banks confirmed that they have "ample liquidity" and haven't

experienced any clearing or margin issues. Mnuchin is set to convene a call on

Monday with the President's working group on financial markets, which includes

officials from the Fed, SEC & CFTC.

- Tokyo is closed, meaning that cash Tsy markets won't open until London hours.

CME rate products & cash Tsys are set to close early.

- Eurodollar moves have been more pronounced, with the whites and reds running

1.0 to 5.5 ticks higher at writing.

- T-Notes last 121.03, U.S. Year cash Tsy yields closed at 2.790%.