US Tsy futures are lower in early....>

US TSY FUTURES: US Tsy futures are lower in early dealing, with the US set to

observe the Memorial Day holiday on Monday desks could be a little thinner than

usual. The June 12 US-North Korea summit seems a more likely proposition than it

did 48 hours ago, with Trump seemingly a little more upbeat on the matter in

comments made over the weekend. Also the Italian President has blocked the

formation of the M5S/League government as a euro-sceptic was proposed as the

economy minister, which will likely send Italy back to the polling booths. Both

these factors are allowing the space to sell off early on.

- Friday saw the space move higher with worries over Italy, Sino-US relations

and North Korea front & centre.

- Eurodollars are also lower at the start of the week, with the white & red

contracts 2 to 4 ticks lower.

- T-Notes last at 119.24, US 10-Year yields closed at 2.931%.