Treasuries have held on to gains....>

US TSYS SUMMARY: Treasuries have held on to gains made in the Asian overnight

session earlier Tuesday.

- The Jun 19 T-Note future is up 5/32 at 123-245, having traded in a range of

123-195 to 123-265.

- Tsys supported overnight by ongoing Brexit impasse, a guarded RBA & a local

South Korean report noting that a South Korean official said that "North Korea

could be on the brink of a missile launch from a pad on its western coast".

- A bit of bull steepening in the curve. The 2-Yr yield is down 3.2bps at

2.3004%, 5-Yr is down 3.2bps at 2.2898%, 10-Yr is down 2.5bps at 2.4759%, and

30-Yr is down 1.8bps at 2.8723%.

- Curves trading mixed: 3M10Y -5.766 at 5.997, but 2Y10Y steeper (+0.901 at

17.529), as is 5Y30Y (+1.459 at 58.145).

- February preliminary durable goods orders (0830ET) are the data highlight

Tuesday.

- No Fed speakers scheduled.