Treasuries are weaker after.........>

US TSYS SUMMARY: Treasuries are weaker after risk-on headlines from the G20

meetings over the weekend, though are currently off day's lows.

- The Mar 19 T-Note future is down 5.5/32 at 119-09, having traded in a range of

119-045 to 119-12 - coming off overnight lows as European trading got underway.

- Belly of the Tsy curve underperforming: 2-Yr yield up 4.9bps at 2.8353%, 5-Yr

up 5.6bps at 2.8682%, 10-Yr up 4.4bps at 3.0315%, 30-Yr up 3.1bps at 3.3211%.

- Eurodollar futures off 2-3.5 ticks, weakness focused on Reds/Greens.

- Fed's Clarida in BBG live interview earlier described the US baseline economic

outlook as 'very solid', said the 'Powell put' concept was 'not useful', and

that Fed could operate `somewhat above` the `symmetric` 2% inflation goal.

- Fed's Quarles, Williams & Kaplan due up later.

- U.S. ISM manufacturing is today's data highlight.

- Wednesday will be a national day of mourning to honour former President George

H.W. Bush. CME U.S. interest rate futures & options products to be closed.

- This is also likely to result in cancellation of Congressional testimony for

Fed's Powell scheduled for Wednesday.