*** Mildly higher/lower half of.....>

US TSYS SUMMARY: *** Mildly higher/lower half of session range after gradually

pared gains since the London close (curve also steepening out following large

steepener soon after London close). Trade rather quiet ahead Tue's inaugural

semi-annual mon/pol testimony by Fed chairman Powell Tue; overall-volume high

due to ongoing Mar/Jun roll action.

- CME slips large curve steepener print in at 1128:00ET: +11,505 TYM, 120-12,

offered at print time vs. -3,252 WNM, 155-17, sell through -20 bid at print

time. Equities surged (DJIA +380 to appr 25690.0; emini +28.5, 2777.5)

- Decent corp issue on day, $3.5B MUFG 4-part lead high-grade supply after $2B

BoE 3Y priced early in session. 

- Swap spds mixed after the bell, spd curve flatter all day w/wing on respective

wides/narrows. Late session flow includes better paying in 2s-5s, in-line with

flatter spd curve. 

- Despite large +7k White pack buy, front end Eurodlr strip under pressure all

day w/3M LIBOR climbing +0.0280 to 1.9842% (+0.0714 last wk).

Late ylds: 2Y 2.226%, 3Y 2.373%, 5Y 2.603%, 7Y 2.775%, 10Y 2.857%, 30Y 3.154%