Treasuries are trading a little.....>

US TSYS SUMMARY: Treasuries are trading a little softer early Thursday.

- Jun 19 T-Note future is down 1/32 at 123-245, having traded in a tight range

of 123-230 to 123-275.

- Very limited reaction overnight to newsflow including China trade headlines

and Brexit extension.

- Cash curves trading mixed: 3M10Y up 0.7bps, 2Y10Y also positive (+0.2), while

2Y30Y and 5Y30Y are slightly flatter.

- The 2-Yr yield is up 1bps at 2.3315%, 5-Yr is up 1.2bps at 2.2838%, 10-Yr is

up 1.2bps at 2.4773%, and 30-Yr is up 0.9bps at 2.9016%.

- MNI Interview this morning with a Chicago Fed economist saying that there is

only limited risk of U.S. recession in the near term.

- Highlights Thursday include initial jobless claims, March final PPI, and  $16B

30Y Tsy bond auction.

- Solid slate of FedSpeak: Vice Chair Clarida, NY`s Williams, St Louis` Bullard,

and Gov Bowman all appear Thursday, while Minn's Kashkari holds a Q&A on

Twitter.