Treasuries short end and............>

US TSYS SUMMARY: Treasuries short end and intermediate prices opened NY mildly

higher, while 10Y traded roughly flat on the day but off 6:18am ET price lows

(98-23/32, 2.390% yield). US stocks futures are mildly higher. No economic data

today but Tsy sells $42B 3m bill auction and $36B 6m bill auction at 11:30am ET;

Tsy also sells 2/5/7Y auctions this eek and 2Y FRN too.

- TOKYO: Tsys began mildly weaker, as Japan PM Abe held 2/3 majority in lower

house election. Selling occurred in 10Y Tsy futures and cash 5Ys, while real$

bought 2Y, 10Y notes. FX-tied selling as US$ rose vs. yen.

- LONDON: Flows turned more mixed, with futures have early buys and

short-covering in long end. Real money sold 10Ys, bank portfolios did two-way

flows vs. credit tied sales in belly. Asian central banks and UK asset managers

bought Tsys. Insurers bought 30Ys. US$ remains firmer. 

- US SWAPS: Spreads mixed, spread curve flatter; prop rate receiving in

intermediates, recent 6Y receiving at 2.17%.

- CORPORATE BONDS: Quiet action Monday, but Citi to do benchmark 5Y/FRN and

11Y/NC10; others ramp up issuance for the week; CPPIB 10Y Tues.