US Treasuries are little changed....>

US TSYS SUMMARY: US Treasuries are little changed having traded in a relatively

tight trading range in Asia and Europe so far Tuesday with traders seen waiting

on key announcement from US President on the Iran nuclear deal later.

- US 10-yr yield is 2.9498% unchanged from US close Monday while curve is ever

so slightly flatter with 2s/30s 0.4bp tighter at 61.7bps.

- T-Notes operated in a 2 tick range during Asia hours, with little in the way

of major news flow, and only broke out of that range by a further 2 ticks once

Europe got under way.

- US Fed Chair Powell gave very little away on Fed policy in his speech in

Zurich, saying that markets "should not be surprised" by its actions of a

gradual rise in interest rates as they are "reasonably well aligned with

policymakers' expectations". 

- Front-end of the Eurodollar strip has come under light selling pressure with

white, red and Green contracts steady to 1 tick lower. While blues are 0.5 tick

lower to 0.5 tick higher.