Treasuries are trading fairly.......>

US TSYS SUMMARY: Treasuries are trading fairly directionless to start the week,

ahead of the FOMC meeting and absent clarity on delayed data releases.

- The Mar 19 T-Note future is down 2/32 at 121-11, having traded in a range of

121-105 to 121-16.

- The 2-Yr yield is flat at 2.6065%, 5-Yr is down 0.2bps at 2.5975%, 10-Yr is

down 0.2bps at 2.7566%, and 30-Yr is down 0.2bps at 3.0647%.

- The temporary end to the federal government shutdown remains in focus, with

Pres Trump saying over the weekend he is willing to close the government again

or declare an emergency if there is no progress on border wall funding.

- The first formal meeting of the new Homeland Security Appropriations

House-Senate conference committee will be on Wednesday, reported Bloomberg

citing a senior Democratic aide.

- Fed blackout continues ahead of the Tue-Wed FOMC meeting.

- Light start to data flow this week, with the highlight being the Dallas Fed

Manufacturing Survey at 1030ET. We are awaiting more clarity about data releases

in coming weeks, in light of shutdown-related delays.