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Treasuries are slightly stronger....>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries are slightly stronger to begin the week in a fairly
subdued trading environment thus far.
- The Mar 19 T-Note future is up 2.5/32 at 120-15, with the cash curve trading
stronger but mixed: The 2-Yr yield is down 0.8bps at 2.7247%, 5-Yr down 1.2bps
at 2.7187%, 10-Yr down 0.9bps at 2.8804%, and 30-Yr down 0.4bps at 3.1394%.
- Markets appear largely unmoved by perceived rising chances of a Federal
government shutdown at week`s end.
- Fed decision on Wednesday is the week's main focus. With a 25bps hike in the
Funds rate almost universally expected (MNI PINCH showing around 94% chance),
attention is on how dovish the statement/dot plot emerges.
- On the latter, sell-side opinion is mixed: MNI will be publishing a full
preview of the meeting on Tuesday morning.
- Main data release Monday is Empire State manufacturing at 0830ET/1330GMT.

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