Yields have moved higher as participants....>

US TSYS: Yields have moved higher as participants return from the elongated

holiday weekend in the States. T-Notes last -0-03 at 131-20, yields are

1.1-3.3bp higher across the curve, with some bear steepening in play.

- A stable yuan fix and headlines noting that China is set to release laws re:

Fentanyl soon applied some further pressure, before China downplayed its part in

the Fentanyl issues in the U.S.

- Truth be told, it was a muted overnight session outside of a couple of limited

bursts of activity.

- Markit & ISM manufacturing surveys provide the highlights of the economic

docket on Tuesday, while Fed's Rosengren (dissenting voter at the Fed's most

recent MonPol decision) is the sole Fed speaker on the slate.

- Also, a reminder that corporate supply will come back under the microscope

after the "summer hiatus."