Treasuries are little changed.......>

US TSYS SUMMARY: Treasuries are little changed early Wednesday despite some

sharp moves triggered by European political headlines.

- Tsy futures picked up a few ticks on UK headlines (Gov`t to suspend parliament

in manoeuvre that escalates probability of No Deal Brexit), though somewhat

subdued by Italian gov`t formation talks culminating fruitfully.

- Though basically a fairly tight range so far: Sep 10-Yr futs (TY) up 4/32 at

131-8.5 (L: 131-04 / H: 131-11.5).

- 30-Yr hit all-time low yield at 1.9039% as curve has bull flattened.

- The 2-Yr yield is down 1bps at 1.512%, 5-Yr is up 0.3bps at 1.3809%, 10-Yr is

down 0.5bps at 1.466%, and 30-Yr is down 3.5bps at 1.915%.

- Note $41B 5Y note auction at 1300ET.

- Euribor strip bull flattening, Greens-Blues up 2-2.5 ticks, Whites steady.

- Stat from CME's Brian Gierke: yesterday 18.5mln Treasury futures traded, 3rd

highest of all time. Not your usual summer session...

- Fed's Barkin (1220ET) and Daly (1730ET) are due to speak. 

- Very dry data schedule today (MBA mortgage applications at 0700ET).