Treasuries are rebounding from......>

US TSYS SUMMARY: Treasuries are rebounding from worst levels hit in early

European trade, but remain slightly lower Wednesday.

- Jun 10-Yr futures (TY) down 8/32 at 125-12. L: 125-06.5, hit around 0300ET as

Europe came in and S&P futures saw the intraday peak.

- Slightly weaker across the curve, 2-Yr yield down 0.4bps at 2.105%, 5-Yr up

0.2bps at 2.0711%, 10-Yr up 0.4bps at 2.264%, and 30-Yr down 0.6bps at 2.6866%.

- Overnight session marked by continued Chinese state media rhetoric against

U.S. trade policy. Still, equities a little stronger, with trade war fears eased

somewhat by China's central bank governor citing the stability of the yuan.

- Eurodollar futures paring previous days' gains. Reds underperforming, off

4.5-5.0 ticks.

- Very light in terms of significant overnight flows. European holiday

(Ascension Day) seen contributing to slow trading early.

- Today's calendar highlighted by a speech from Fed Vice Chair Clarida (1200ET)

& Q1 GDP 2nd est. release incl price index (0830ET).