0531 GMT - The U.S. Treasury's $39 billion auction of 10-year notes on Wednesday might require a price concession for a smooth takedown, J.P. Morgan strategists say in a note. "Given somewhat less supportive valuations both fundamentally and locally, we think tomorrow's [Wednesday's] auction will likely require more of a concession in order to be digested smoothly," they say. In Asian trade, the 10-year U.S. Treasury yield falls 1.2 basis points to 4.790%, according to Tradeweb.
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