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*** Quiet start to the week, Tsy.......>

US TSY FLOWS
US TSY FLOWS: *** Quiet start to the week, Tsy futures see-sawing around steady
after slipping to near overnight lows after the open. 
- Sources report light two-way flow on net after large block sale of 14k TYU at
126-00 sent futures tumbling briefly. Mild prop, bank portfolio buying in short
end. FX-tied selling has evaporated.
- Flurry of incoming corporate supply added to earlier weakness, swap spds
ratcheted tighter/spd curve holding flatter. Some desks fading spd narrowing in
the belly, outright and vs. the short end. 
- Option vol started off with mild bid but has slipped back to steady/lower
w/underlying off lows to steady/mixed. 

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