Tsys are off early lows but have....>

US TSYS SUMMARY: Tsys are off early lows but have been drifting since about

0400ET amid thin volumes, with minimal little newsflow or data Monday.

- Sep 10-Yr futures (TY) down 4/32 at 126-31.5 (L: 126-27 / H: 127-02.5). Little

flow of note overnight (note the Japanese holiday today though).

- Curve fairly steady: 2-Yr yield is down 0.4bps at 1.8433%, 5-Yr is unchanged

at 1.8709%, 10-Yr is down 0bps at 2.1218%, and 30-Yr is up 0.6bps at 2.6526%.

- ED strip edging lower, but only move of any note is Golds off 1.5-2.5 ticks.

- NBC reported earlier that Pres Trump may oust Commerce Secretary Ross over a

legal defeat to include a citizenship question on the Census. No market reac.

- No shortage of Fedspeak as we head into the blackout period. Today`s highlight

is NY Fed`s Williams (but topic is Libor so maybe nothing on current monpol).

- Other 2019 FOMC voters due up this week include Bowman, Powell and Evans on

Tuesday; Williams returns Thursday, while Friday sees Bullard and Rosengren.

- Slow start to the week data-wise with just Empire State index out Monday.

Tuesday is the highlight, with June retail sales and Industrial Production

headlining the docket. Weds sees Jun Housing Starts and Fed`s Beige Book.