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Treasuries continue to seek.........>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries continue to seek direction early Monday, with the
Fed meeting looming large later this week.
- Rising risk appetite through the Asia-Pac session weighed on Tsys early, but
futures gained steam around 0400ET/0800GMT as Europe came in.
- Not much in the way of catalysts for the bounce, though Brexit risks appeared
to be in focus again with this week being seen as key to 'no deal' risks.
- T-Notes have faded over the past half-hour, though; Jun 19 futures down 0.5/32
at 122-305, having traded in a range of 122-285 to 123-01.
- Cash curve trading mixed with some steepening: 2-Yr yield is down 0.4bps at
2.4336%, 5-Yr is unchanged at 2.3951%, 10-Yr is up 0.5bps at 2.5925%, and 30-Yr
is up 0.9bps at 3.0198%.
- The FOMC decision on Wednesday is the week's focal point, of course. MNI's
preview (including sell-side preview summaries) will be out Tuesday.
- Quiet day on data front, with just NAHB housing index out at 1000ET. No Fed
speakers amid pre-meeting blackout.

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