T-Notes last unch. at 139-11+, holding a....>

US TSYS: T-Notes last unch. at 139-11+, holding a tight range at the start of

the week, despite the previously outlined headline flow.

- Locally, outside of the COVID-19 front, fiscal matters are back at the fore,

with a focus on the tussle across the aisle in DC (surrounding familiar matters)

front and centre as we grind towards the expiration of the current wage support

measures, and also Congress' summer recess.

- As a reminder, Friday saw the curve bear steepen at the margins, with the

equity space bid into the weekend. Tsys were subjected to light volumes and

lacked any real catalyst in the final session of last week. Also worth noting

that the Fed entered its pre-meeting blackout over the weekend.

- Eurodollar futures unchanged to -1.0 through the reds.

- Focus falls on headlines surrounding EU fiscal matters during Asia-Pac hours.