US rates showing moderate gains by.....>

US TSY FLOWS: US rates showing moderate gains by the bell, Tsy futures inching

back towards early London hour highs, trade volumes

remain light (TYZ<275k), yield curves flatter now.

- Another quiet session expected w/limited data (Richmond Fed, existing home

sales) and no Fed speak to trade off of. Headline watch: ongoing focus on UK

Brexit, Withdrawal Agreement Bill (WAB) debated in parliament w/1300ET vote

expected to pass, while chances of program motion vote passing not high.

- Largely two-way overnight flow saw better buying in long end late Asia trade,

prop and fast$ sellers intermediates early London trade. Mild corp deal and

pre-auction short sets ahead 2Y note auction later

- The 2-Yr yield is down 1.4bps at 1.6067%, 5-Yr is down 1.7bps at 1.5941%,

10-Yr is down 2.1bps at 1.7782%, and 30-Yr is down 2.2bps at 2.2695%.