Tsys marched steadily higher all.......>

US TSY FLOWS: Tsys marched steadily higher all session, underlying bid largely

tied to UK Brexit deal vote -- extending highs for  day after the bell as PM

May's Brexit deal voted down. No-deal vote for Wed (time TBA); potential article

50 extension vote and/or second referendum vote Thu.

- Tsys also supported early in second half: post-auction rally, yld curves

reversed steepening/extended flatter. 

- Flow included prop and real$ selling near highs. Large option trade on screen

>90,000 TYK 123.5/124.5 call spds sold at 11. Two-way swap tied flow 2s-10s.

- Decent deal-tied flow on $16.7B high-grade copr issuance. Tsy $24B 10Y note

auction stopped through by 0.7bp awarded 2.615% rate.

- On tap for Wednesday: February Final Demand PPI; January durable goods new

orders; January construction spending; TSY $16B 30Y bond auction (912810SF6).

- Tsy cash/ylds: 2Y 100-02.88 (2.446%), 5Y 99-27.5 (2.403%), 10Y 100-07

(2.598%), 30Y 100-07.5 (2.987%).