Treasuries ended rangebound Monday.....>

US TSY/RECAP: Treasuries ended rangebound Monday mildly higher, awaiting US

Pres. Trump's choice of Fed Chair from 5 candidates. Tsys had muted 2way flows,

with end-user long end buying, less corporate rate-lock hedging pressure vs.

last Friday. Tsys bid amid better technicals: cash 10Y hit 2.397% then moved

away from key 2.40%, spurring buying. US high-grade corporate bonds had active

issuance Mon: Citi 5Y/FRN,10Y; Honeywell 2Y/2Y FRN, Procter & Gamble 2Y,3Y,30Y;

BB&T lg 3Y fxd/FRN,7Y Mon. 

- Monday 3m T-bill auction stopped through to 1.105%, "highest yielding" 3M bill

stop since July 24th. 

- US swaps mixed; mildly steeper $480M 5Y payer (from 2.097% to 2.0825%), $340M

10Y paper (from 2.345% to 2.34705%) before 11:25 am ET. 

- US Eurodollar futures: mildly higher, early buying: 20,000 bought in Dec'17 at

98.495; EDZ8 W/215k total vol. Fed Funds futures: big spread buy before 10:27am

ET: 22K FFZ7/FFF8, 0.095. Gold jumped around with 18.5K traded on Comex nr

11:55am ET, then ebbed.

- T-Notes last up 1+ ticks in Asia at 124-31, 10-Year yield last at 2.366.