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Tsys trading broadly lower, had been...>

US TSY FLOWS
US TSY FLOWS: Tsys trading broadly lower, had been inching off early London
session lows ahead the NY open but long end slipping again after the bell, yld
curves steepening nicely. Focus on text of Fed Chair Powell semi-annual
testimony out shortly at 0830ET, takes podium at 1000ET -- same time as Bank of
Canada makes policy announcement. June FOMC minutes at 1400ET
- Overnight flow included two-way in short end, swap tied sellers in 2s and 5s,
bank selling 10s and 30s, pre-auction short sets ahead today's 10Y re-open,
steepeners/flattener unwinds in 2s and 5s vs. 10s and 30s
- The 2-Yr yield is up 1.3bps at 1.9192%, 5-Yr is up 2.2bps at 1.9005%, 10-Yr is
up 3.5bps at 2.0995%, and 30-Yr is up 4.5bps at 2.5852%.

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