Monday has seen a big drop in.......>

US TSYS SUMMARY: Monday has seen a big drop in short-end Tsy yields, with the

curve bull steepening.

- The Jun 19 T-Note future is up 9/32 at 124-10, having traded in a range of

123-28 to 124-215.

- Massive rally at the short end of the Tsy curve. The 2-Yr yield is down 6.3bps

at 2.2541%, 5-Yr is down 4.2bps at 2.2%, 10-Yr is down 2.1bps at 2.4177%, and

30-Yr is down 0.3bps at 2.8708%.

- The much-watched 3M10Y remains inverted but up 5.7bps from -7.2bps day's low.

- Equities have stayed mostly lower over the course of Monday, with some forays

into positive territory.

- USD a little weaker, with lower Tsy yields keeping the greenback under a bit

of pressure.

- Attention overnight likely to focus on Brexit votes in the UK Parliament.

- A very quiet day for data, but should get more interesting Tuesday, with Feb

housing numbers, Philly and Richmond Fed indices, and Conf Board confidence.

- Next 24 hours sees several Fed speakers: Rosengren, Harker, Evans, Dally.