Treasury prices are modestly lower as investors continue to mull over the latest Greek bailout deal.  Treasuries have recovered some earlier losses as questions still linger on the final details of the deal as well as whether or not the package goes far enough to prevent an eventual default. 

This week's holiday shortened economic calendar gets off to a slow start today with no significant data releases planned.  The schedule for rest of the week remains unremarkable as a smattering of housing data accompanies some consumer confidence data.  Lastly, investors will likely keep tabs on treasuries heading into today's $35bln 2-yr auction at 1:00PM eastern.  

Currently, the 10yr yield is at 2.031% (2.035% Friday) and the 2-10 yield spread is at 171bps, 1bp flatter since Friday morning.