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Rates bid but off early overnight......>

US TSY FLOWS
US TSY FLOWS: Rates bid but off early overnight highs, carry-over risk-off amid
ongoing US/China trade and geo-pol angst. Decent volume w/Japan and UK back from
holiday, TYM>525k. Headline watching, limited data (JOLTS job openings level and
quit rates for March), 3Y note auction later.
- Overnight flow included real$ buying short end, fast$ sold into strength in
5s, 10s and 30s, swap-tied buying in the wings, two-way swap flow after early
rate receiving at points across the curve, pre-auction short sets ahead 3Y note.
- The 2-Yr yield is down 0.6bps at 2.2844%, 5-Yr is up 0.3bps at 2.2666%, 10-Yr
is up 0.4bps at 2.4728%, and 30-Yr is down 0.2bps at 2.8859%.

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