Treasuries rose just slightly in the overnight trading hours and generally did a good job holding under Friday's high yields.  Volumes remain elevated, relative to what we'd typically see on a Monday morning in the late-Spring/early-Summer season.  This suggests markets remain on edge about this week's potential political developments

In fact, it seems to have been political developments behind a small bounce that brought bonds back toward 'unchanged' levels over the past 30 minutes.  Here's the wire in question:

RTRS - FORMER TRUMP NATIONAL SECURITY ADVISER FLYNN TO DECLINE SENATE INTELLIGENCE COMMITTEE SUBPOENA, INVOKE 5TH AMENDMENT - MEDIA REPORTS

10yr yields moved from 2.25 to 2.24% on that news and there was a modest acknowledgement of its significance in the form of a meager increase in trading volumes.  For now, it looks like the move has already run its course.

10yr yields are .5bps higher on the day overall at 2.24 and Fannie 3.5s are unchanged at 103-01.