Rates weaker, near middle narrow.......>

US TSY FLOWS: Rates weaker, near middle narrow overnight range on light volume

(TYU<265k), yld curves mildly steeper. More focus on Osaka G20 and US/China

trade negotiations over data. Fed speak: Dallas Fed Kaplan interview on Fox

after the NY open,SF Fed Pres Daly speaks in Aspen in the afternoon.

- Overnight flow includes real$ buying short end, fast$ selling 5s, misc acct

selling 10s, prop selling long end. No deal-related hedging, modest month-end

flow.

- Chatter over unlikely possibility that next week's employment release could be

pushed out a week if Pres Trump decrees extended federal holiday/4-day weekend

for Independence day holiday, see 0646ET bullet.

- The 2-Yr yield is up 0.2bps at 1.7469%, 5-Yr is up 0.5bps at 1.7746%, 10-Yr is

up 0.3bps at 2.0172%, and 30-Yr is up 1bps at 2.5392%.