T-Notes have operated in a 2 tick range,....>

US TSYS: T-Notes have operated in a 2 tick range, with little in the way of

major news flow.

- Fed non-voter Kaplan was the latest to stress the symmetrical nature of the

Fed's inflation target, and reiterated that he is in the 3 hikes in total for

2018 camp, advocating the need for the gradual removal of monetary

accommodation. This came after Fed voters Bostic & Barkin, as well as non-voter

Evans gave their own views on the symmetrical nature of the Fed's target on

Monday, offering little new, although Barkin came down on the hawkish side of

the spectrum in his first public address (as was exp.)

- Traders await comments from Fed Chair Powell & US President Trump's decision

on the Iranian nuclear accord, due Tuesday. It is worth noting that a report

from the NYT suggested that EU leaders have been unable to convince Trump to

remain in the deal.

- The cash curve has stuck to a tight range thus far. The white & red Eurodollar

contracts are trading unchanged to a tick lower. T-Notes last at 119.20, Tsy

ylds: 2Y 2.497%, 3Y 2.634%, 5Y 2.792%, 7Y 2.905%, 10Y 2.953%, 30Y 3.120%