US Tsy yields have ticked higher during.....>

US TSYS: US Tsy yields have ticked higher during Asia-Pacific hours with the

short end & belly underperforming as yields moved higher after the cash space

re-opened. Benchmark US 10-Year Tsy yields are ~3.0bp higher on the day, while

T-Note futures operate well off of their early session highs, although longer

end yields are back from best levels. There has been no fundamental catalyst for

the move, perhaps traders are deeming Tuesday's Tsy move on the Italian issues

as a little overdone.

- The Eurodollar strip has also moved away from best levels with the white & red

contracts 3.0 to 6.5 ticks lower.

- T-Notes last at 120.28+, US Tsy Yields: 2-Year 2.363%, 5-Year 2.628%, 10-Year

2.810%, 30-Year 2.992%.

- Wednesday will bring the release of the second Q1 US GDP estimate & the ADP

employment report, ahead of Thursday's PCE data & Friday's labour market report.