Treasury prices are moving higher to start the week as the latest EU Summit begins in Brussels.  The weekend failed to produce a Greek debt deal and markets are a bit uneasy as a result. 

The US economic calendar is jam packed this week with a plethora of data.  Key reports included today's Dec personal income and spending reports, tomorrow's CaseShiller home price index and consumer confidence index, Wednesday's ISM data and the much anticipated non-farm payroll report on Friday.  Today's PCE report produced mixed results with personal income slightly above expectations but consumption slightly below.

Currently, the 10yr yield is at 1.835% (1.93% Friday) and the 2-10 yield spread is at 172bps, wider by 1bp since Friday morning.