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Treasuries have edged higher........>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries have edged higher overnight but in rangebound
fashion, with a risk-on tone in equities not translating to bonds/rates.
- The 2-Yr yield is unch at 0.1605%, 5-Yr is down 0.5bps at 0.3069%, 10-Yr is
down 0.2bps at 0.6742%, and 30-Yr is down 0.1bps at 1.4219%.
- Sep 10-Yr futures (TY) up 1.5/32 at 139-00 (L: 138-29 / H: 139-02)
- A full-on data slate takes us into the long weekend. Jun nonfarm payrolls (BBG
ests range from -500k to +9mln, MNI Dealer Median = +3.4mln) the obvious
highlight at 0830ET, with plenty of attention to be paid to underlying metrics.
- Also at 1330ET we get initial jobless claims (seen +1.35mln) and May trade.
- Then at 1000ET, May factory orders and final Durable Goods.
- FOMC minutes Wednesday appears to have forced some to reconsider the
likelihood of Yield Curve Control adoption in coming months.
- CME 'floor' (rates/FX/options) closes at 1300ET; SIFMA recommends early cash
close at 1400ET.
- Fed sells 4-/8-week bills, total $45bln, and announces next week's 3-/6-month
bills as well as 3-/10-/30-Yr coupons. No Fed speakers, and no NYFed buys today.

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