And BMO analysts said "with........>

US TSYS/RESEARCH: And BMO analysts said "with expectations for Jackson Hole

converging on 'no major changes' to the policy outlook, the Tsy mkt is pricing

in concerns about the potential for a govt shutdown as well as the general

economic uncertainty on the horizon. Seasonality also continues to favor lower

yields and with Jackson Hole as the only major policy event prior to the Sept.

meeting, Yellen's opportunity to reshape that mkt's perception of the balance of

risks will be limited."

- Their "base case remains that she stays the course and offers very little to

show her hand in either direction," which "most likely" wld be read as "bit

dovish as many see this as an opportunity for the Chair to refocus investors on

the potential for tightening in December. Keeping that meeting in play is

certainly consistent with the flexibility that the Fed favors." But they ask

"whether or not that scenario has already been priced in given Wed moves."