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Treasuries are opening the week.....>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries are opening the week with a softer tone following
last week's big rally, with a few Fed speakers weighing in Monday.
- Jun 19 T-Note futures down 4/32 at 123-29.
- Bit of Tsy curve steepening throughout the European morning. The 2-Yr yield is
up 1.6bps at 2.3329%, 5-Yr is up 2.4bps at 2.2654%, 10-Yr is up 2.7bps at
2.4656%, and 30-Yr is up 3.3bps at 2.9064%.
- Philadelphia Fed's Harker said this morning that he sees one rate hike this
year 'at most', with one in 2019 and one in 2020 his base case. Also noted he
sees benefits of shortening duration of bond portfolio (citing Operation Twist).
- Chicago`s Evans said he doesn't expect the Fed to hike rates until H220, and
that the Fed would "take action" if inflation undershoots.
- Boston`s Rosengren up after the close (2030ET/0030GMT).
- U.S. equities remain lower after a brief uptick at the re-open on the back of
the findings of Special Counsel Mueller's report, which found no evidence of
collusion between the Trump campaign and Russia during the 2016 election.
- Thin on Data: Chicago Fed Activity Index (0830ET); Dallas Fed Index (1030ET).

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