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Tsys trading steady/mixed on very...>

US TSYS SUMMARY
US TSYS SUMMARY: Tsys trading steady/mixed on very light volume (TYM <200k),
curve flattening out last few minutes with long end bouncing to modest session
highs, trail EGBs post Smets comments on inflation. 
- Mkt absorbs accelerated Auction schedule ($28B 3Y note auction 1130ET and $21B
10Y note auction re-open 1300ET today; $13B 30Y Bond auction Re-open 1130ET
Tue). Otherwise, Fed blackout; data watch w/focus on Wed's Feb Retail Sales
(+.4% est). 
- US$ index bounce off lows (DXY +.078, 90.172 vs. 89.915L; USD/Yen well off O/N
high 106.97 to 106.55 on political turmoil for Japanese FinMin Aso altering land
sale docs, potential fallout for PM Abe). Equities stronger (emini +8.25,
2797.0); gold weaker (XAU -7.71, 1315.5); WTexas crude softer (WTI -.25, 61.79).
- Asia/London hours, quiet trade on light volume, corp and Tsy-supply hedging in
shorts-intermediates, two-way curve flows w/earlier steepeners.
- Swaps, spds running steady/mixed on narrow range, light deal-tied hedging.
- Eurodollar futures, mildly lower to steady out the strip. Awaiting for LIBOR
set shortly; +40k EOM 70/71 put spd buy 1.5 over EOM 75/76 call spd ongoing

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