Treasury prices rebounded over the weekend recouping a portion of Friday’s losses. Overseas data was mixed but included disappointing manufacturing data from Germany. Today’s US economic calendar includes a pair of reports on Factory Orders and the ISM Non-Manufacturing Index but investors will also be focused on US China trade negotiations and efforts to end the ongoing government shutdown. Key activity for the rest of the week includes tomorrow’s International Trade Report, Wednesday’s release of the FOMC Meeting Minutes, Thursday’s appearance by Fed Chair Jerome Powell and Friday’s Consumer Price Index. Currently, the 10yr yield is at 2.643% (2.620% Friday) and the 2-10 spread is 16 bps, 1 bps flatterer since Friday morning.