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Tsys gradually see-sawed off early.....>

US TSY FLOWS
US TSY FLOWS: Tsys gradually see-sawed off early session lows, equities pared
gains as risk-on tone cooled ahead multiple event risks (Pres Trump/NK Kim
summit; 3-day Cohen testimony to Congress; w-day Fed Chair Powell testimony on
mon-pol, economy). Global equities firmed on US/China trade hopes after Pres
Trump extends March 1 tariff increase deadline (little in way of additional
specifics). 
- Heavy futures volume (TYH>2.8M) inflated as March/June roll surges ahead
Thursday's first notice date. Both 2- and 5Y note auctions stopped through (40B
2Y awarded a 2.503%; $41B 5Y awarded 2.489%). Appr $8B corp supply on day.
- On tap for Tuesday: December housing starts (1.261m est), building permits
(1.290m) and Case-Shiller Home Price Index; Conference Board's consumer
confidence. Treasury 52W bill and 7Y note auctions. Fed Chair Powell semiannual
monetary report to Congress.
- Tsy cash/ylds: 2Y 99-31.25 (2.510%), 5Y 100-02.25 (2.483%), 10Y 99-19
(2.670%), 30Y 99-12 (3.031%).

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