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Some do mild buying in 30Y bonds and also...>

US TSYS
US TSYS: Some do mild buying in 30Y bonds and also some light 5/30Y flatteners,
but that soon followed by mild selling in 30Y bonds. So today should be a sleepy
session, with the big news being what happens with the debt limit; the temporary
lifting of debt ceiling Friday; Treasury already said it will suspend starting
this Friday noon ET the issuance of SLUGS (State & Local Govt Secs) which are
normally used in the issuance of municipal bond debt; there are also a few other
temporary moves that Tsy can do to squeeze out a bit more room under the debt
limit, but question is, how much room is left there. We'll check that out &
report on it.
- MBS meanwhile trading bid this morning.

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