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Tsys are trading near the bottom....>

US TSYS SUMMARY
US TSYS SUMMARY: Tsys are trading near the bottom of session's range which has
been decidedly narrow and amid thinner volumes than Monday. But the data/speaker
schedule picks up today ahead of Weds/Thurs's pre-holiday crescendo.
- Sep 10-Yr futures (TY) down 1/32 at 139-09.5 (L: 139-09.5 / H: 139-13)
- The 2-Yr yield is down 0.2bps at 0.1466%, 5-Yr is up 0.2bps at 0.2752%, 10-Yr
is up 1.1bps at 0.6348%, and 30-Yr is up 1.2bps at 1.3851%.
- Highlights of the data calendar are Jun MNI Chicago PMI at 0945ET, followed by
Jun Conference Board cons confidence at 1000ET.
- Fed's Powell testifies in the House alongside Tsy's Mnuchin (1230ET); prepared
testimony released yest held few surprises. Expect Q&A to focus on emergency
lending facilities.
- But Fed speaker highlight could be at 1100ET when NYFed's Williams speaks on
"Central Banking in the Age of Covid" at IIF, with text and Q&A. Brainard (on
Dodd-Frank) at 1105ET, and Bostic/Kashkari (on Diversity) at 1400ET as well.
- $70bln in 42/119-day Bill sales today; NYFed buys $2.425B in TIPS.

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