The space experienced a sedate start to.....>

US TSYS: The space experienced a sedate start to the session, with T-Notes

initially grinding higher, as Asia-Pacific equities struggled for a clear sense

of direction following the swings seen in recent sessions, while U.S. equity

index futures edged lower.

- That was before a spurt of buying activity allowed China's CSI 300 to finish

the morning session 1.5% higher.

- Cash trade has seen yields fall by 0.5-1.0bp across the curve.

- The Eurodollar strip trades 1.0 tick lower to 2.0 ticks higher, sitting a

touch flatter last, as the front end underperforms.

- Focus Wednesday turns to addresses from Fed's Bullard, George, Bostic &

Mester, as well as the release of the Fed's Beige book. Data releases are

headlined by new home sales & Markit flash PMI surveys.

- 5-Year supply is also due.

- T-Notes last 118.09, U.S. 10-Year cash Tsy yields last 3.162%.