Monday's session represented a quiet...>

US TSY/RECAP: Monday's session represented a quiet start to the week, as the

space drifted off session lows into the US afternoon and the curve ground lower.

- This came after Tsys opened lower, as markets downplayed the US-led missile

strike on Syria. 

- US retail sales data came in stronger than expected, which saw the space

revisit lows before bouncing as fast money accounts covered. Comments from Fed's

Dudley, Bostic, Kashkari & Kaplan gave little impetus to the space, although the

usually dovish Kashkari sounded a little more upbeat.

- Decent corporate issuance was noted.

- The Eurodollar strip finished little changed on the day.

- Light two-way swap flow was observed with with spreads running mildly tighter.

Decent Eurodollar put buying targeting Dec 18 hikes was also seen.

- T-Notes last at 120.14+, US 10-Year yields last at 2.827%.