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US Treasuries open Mon NY higher....>

US TSYS SUMMARY
US TSYS SUMMARY: US Treasuries open Mon NY higher but well off 2am ET session
high prices, after Asian gains and some mild flattening. Gold traded mildly
weaker while crude oil off 0.53% on the day. US stocks index futures traded
narrowly mixed, while European indexes higher. 
- TOKYO: Tsys saw early bid, chopping higher and holding narrow range near highs
ahead London open. Pension and Japanese insurance portfolio buying in long end,
credit-tied short covering. 
- LONDON: Euro currency volatility as talks on forming German coalition
government collapse. Tsys followed Bund lead higher, then ebbed amid  thin
pre-holiday volume. Macro sales in 5Y notes, fast money sold 10Y. Bunds spike at
8:09am ET into German President announcement going on now.  
- US SWAPS: Steady/mildly wider, 2way short end flows, receiving 5Y, 30Y. 
- EURODLR FUTURES: Steady/mildly higher, brisk selling in EDZ8.  
- OVERNIGHT REPO: Tsy 5Y, 10Y notes tighten more. 
- US HIGH-GRADE CORPORATES: Mon has Reliance Industries 10Y and Macquarie Group
6Y/NC5Y, 6Y/NC5 FRN and 11Y/NC10Y.

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