MNI sources noting seeing decent.......>

US TSY FLOWS: MNI sources noting seeing decent buying in the 1-Year area in

bills this week, particularly out of Asia. 

- This part of the curve has staged a pretty decent rebound, with 1-Year bill

asset-swaps richening over 10bp since the beginning of the year, double that of

3-Month and 6-Month bills and, while 3m3m bill yield forward continues to trade

higher, 6m6m forward is around 10bp off its highs, back under 2%. 

- It seems that, with the amount of roll-down (certainly at the beginning of the

month), players have been happy to go long at these levels and as the debt

ceiling issue comes back to the fore (with an expected drop-dead date sometime

in March), this may be pushing buyers further out the curve.