US treasuries have edged lower in...>

US TSYS SUMMARY: US treasuries have edged lower in very thin Tuesday trade led

by a 8bp move higher in 2-yr to 7-yr yields unperturbed by Iran response to

implementation of fresh US sanctions as markets take cue from mild sell-off in

JGBs and German Bunds. US 10-yr yield is 0.5bp higher at 2.9451%.

- T-note future stuck to a 2 tick range during a volume light Asian session, but

were at the bottom of that range heading into London trade as JGBs were weighed

by RTRS source piece on the BoJ.

- US Tsys recovered at start of London trade following soft German industrial

production, but then followed Bunds lower with cash sellers seen in the futures

markets. US Tsys have then traded sideways with little seen to direct traders

- Euro$ futures are steady to 1 tick lower, strip touch steeper as white

contracts remain unchanged.

- Participants eye 3-Year note supply later today, with 10- & 30-Year paper due

later in the week, and Friday's U.S. CPI release providing the economic

highlight. As a reminder Fed voter Barkin speaks on Wednesday, with non-voter

Evans due up on Thursday.