Treasuries are softer to begin......>

US TSYS SUMMARY: Treasuries are softer to begin the week, with equities set to

open at fresh all-time highs, and any developments on US-China talks awaited.

- Most action overnight occurred a little after 0200ET, with equities rallying

and Tsys selling off; talk of CTA program selling, unconfirmed of course.

- A bit of options interest in the European morning: USG0 155/153 ps v USF0 160

Call, bought the ps for 0'34 in 10k, 3,800 USZ9 at 158-02 (PS over). 

- Dec 10-Yr futures (TY) last down 1.5/32 at 129-3 (L: 129-00 / H: 129-09).

- The 2-Yr yield is up 1.5bps at 1.6246%, 5-Yr is up 1bps at 1.6568%, 10-Yr is

up 1bps at 1.8411%, and 30-Yr is up 1.4bps at 2.3191%.

- Cleveland Fed Pres Mester makes comments at UMaryland at 1200ET with Q&A.

Believe this is her first commentary since the Oct FOMC.

- No data of interest (unless TIC flows are your thing, out 1600ET).