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UST's endured a sharp sell late in trade....>

US TSYS
US TSYS: UST's endured a sharp sell late in trade on Friday as government
negotations to secure a stop gap funding bill failed, leading to a goverment
shutdown. T-Notes off session lows early in Asia but still down 5 ticks at
122.03+. The House and the Senate continued to negotiate over the weekend. The
latest reports from the US cite Senator Thune who says hopeful a deal can be
done on Sunday night to reopen the government with a 3-week spending bill.
However, Senator Cornyn has said he thinks the government will remain shut on
Monday.
- US 10-Year yield cheaper by 3bps on the day breaching 2.65%, testing levels
not seen since Sept 2014. 
- The dollar rose slightly on Friday, but couldn't edge into positive territory
for the week, retreating around 0.5% on a 5 day basis. This denotes the 6th
consecutive week of declines and matches the longest run of losses since 2010.

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