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A fairly range bound price action...>

US TSYS SUMMARY
US TSYS SUMMARY: A fairly range bound price action in long end Treasuries.
-The strip initially headed lower in line with EGB's, and we have since faded to
trade back close to flat during our London morning session.
-Fed Bullard hit the screens with a few comments:
- "Bullard says dissent also prompted by inverted yield curve, notes u.s.
government bond yields are higher than other major nations". rtrs
-"Bullard says bigger cut would insure against slower inflation"rtrs
-With no data of note this afternoon, ALL EYES are on Fed speakers, which
includes Clarida, Kaplan and Rosengren.
- 2y yields up 0.6bp today at 1.746%
- 5y yields down -0.7bp today at 1.654%
- 10y yields down -1.5bp today at 1.771%
- 30y yields down -2.5bp today at 2.204%
- 2s10s down -2.1bp today at -0.5.bp
- 10s30s down -1.0bp today at 43.3bp

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