T-Notes holding a little above Monday's.....>

US TSYS: T-Notes holding a little above Monday's worst levels, contract last

+0-02+ at 138-22+. Comes after the contract held a relatively tight range during

the first session of the week, as it finished lower and the curve bear

steepened.

- Continued multi-tranche IG corporate supply and Fedspeak pushing back against

the idea of negative rates (ahead of Fed Chair Powell's address on Wednesday)

provided the impetus during Monday trade, with a late uptick off lows tied to

rate lock unwinds post-supply.

- The latest round of 3-Year Note supply from the Tsy saw solid enough demand,

stopping through WI as the cover ratio ticked above recent averages, while the

takedown metrics were largely in line with the recent averages. Focus now moves

to Tuesday's 10-Year supply.

- Eurodollar futures last unchanged to +0.5 through the reds.

- Little to rock the boat on the slate in Asia, so eyes on the lookout for

headline drivers and market flow.