Treasuries continue to sell off.....>

US TSYS SUMMARY: Treasuries continue to sell off amid another risk rollercoaster

overnight; equity futures have traded both lower as well as limit up with Tsys

close to the lows having ground lower through the session.

- Jun 10-Yr futures (TY) last down 29/32 at 137-2 (L: 136-29/ H: 138-04).

- The 2-Yr yield is up 2.1bps at 0.3807%, 5-Yr is up 5.6bps at 0.5468%, 10-Yr is

up 9bps at 0.8081%, and 30-Yr is up 9.9bps at 1.3828%.

- Dollar gains remain relentless; DXY up another 1%.

- Latest key development is a Politico story saying Treas Sec Mnuchin is going

to the Capitol today to seek a $850bln Phase 3 stimulus package; risk bounced on

that but still some skepticism as that number appears to rely heavily on a

payroll tax cut (which may not gain widespread acceptance in Congress).

- Overnight reports said 8 major banks are set to tap the Fed`s discount window

(Morgan Stanley said they did so on Monday).

- Feb Retail sales out at 0830ET; Feb industrial prod out at 0915ET.