Tsy futures recovered late on Monday...>

US TSY/RECAP: Tsy futures recovered late on Monday as the curve flattened &

equities pared the bulk of their gains. 

- The space spiked to session highs as a report hit which revealed that the FBI

has raided the office of President Trump's long-time lawyer Michael Cohen and as

the Russian envoy to the UN noted that Moscow has warned the US that a military

strike in Syria could lead to 'grave repercussions'.

- Up until then it had been a rather muted session in general, with light volume

seen in futures, with no substantive data to trade.

- US CPI data, FOMC March meeting minutes & comments from various FOMC members

will headline the week, with incoming Tsy supply including 1-Month bill supply,

3- & 10-Year Notes & 30-Year Bonds.

- The Eurodollar strip was steady to mixed in the shorter end, with 3-Month

LIBOR set marginally lower for the first time in over 40 fixings, with the strip

squeezing to highs as we approached the bell.

- T-Notes last at 120.30, US 10-Year yield last at 2.779%.