Tsys were traded mostly higher by......>

US TSY/RECAP: Tsys were traded mostly higher by the bell, although 2- & 3-Year

yields edged higher on the day resulting in a flatter curve.

- This came after a weaker open, although Monday provided a quiet start to the

week, with low volume noted. 

- The space was supported by a rebound in geopolitical tensions in the Middle

East as Israeli forces struck Syrian targets & Israel called out Iran re:

clandestine nuclear operations. 

- Tsys saw limited reaction to data including personal income, PCE & MNI Chicago

PMI.

- Bunds leant support via month end buying.

- Flow was 2-way via fast money accounts in the short end, with corporate

deal-tied hedging also observed. Steepener unwinds were seen in 2s and 5s vs.

10s.

- Eyes remained pinned on Wednesday's FOMC MonPol decision & Friday NFP release.

- T-Notes last at 119.17+, US 10-Year yields last at 2.953%.