The 10Y UST has been trading........>

US TSYS SUMMARY: The 10Y UST has been trading sideways overnight in Asia and

also in early Europe. The 10Y yield is trading slightly lower by 0.2bp at 2.481%

with technical support visible at 2.472% (hourly support Dec 20).

- The US curve is barely changed with 2s5s mildly steeper by 0.4bp and 5s30s

slightly 0.3bp wider.

- The main news out of the US was that Congress passed a stopgap bill that keeps

the government funded through mid-January, avoiding a possible shutdown. The

Senate approved the spending bill to keep the government running through Jan 19

in a 66-32 vote.

- The 3Y US swap spreads are wider by 0.3bp and 2Y breakevens are also wider by

0.6bp. 

- There is a raft of data still to come out of the US that includes the US

Durable Good, Personal Income and Consumption figures at 0830ET. While

University of Michigan Sentiment is released at 1000ET.