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Treasuries have been trading........>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries have been trading fairly flat following late
Friday's weakness, with stock futures giving up early gains.
- Main FedSpeak this week of course is Wednesday's talk by Chair Powell -
anticipation that he would dismiss negative rates as a policy tool helped
flatten curve/short-end rate futs sell off when announced Fri aft.
- Cash curve fairly flat early Monday (30-Yr underperforming ahead of supply,
yld up 2.4bps), Jun 10-Yr futs down 3.5/32 at 138-27 (L: 138-23 / H: 138-31).
- Some speakers today of interest: 1230ET sees Chi Fed Pres Evans, while
Atlanta's Bostic has webinar at 1200ET (could he be asked whether he views -ve
rates as part of what he called the "full arsenal" last week?)
- $42B 3Y Note auction at 1300ET, with supply very much in focus this week:
$32bln in 10Y Tues and $22bln in 30Y on Weds.
- Reminder, the NYFed has dialled back purchases to $7bln on avg. this week, vs
$8bln last week: Monday sees just $4bln in buys.
- After Friday's epic jobs report, nothing of note on the data calendar today.

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