*** Broadly higher by the bell,.....>

US TSYS SUMMARY: *** Broadly higher by the bell, off post-Draghi highs, lvls

rebound late after some consolidation during second half. Delayed react to

dovish ECB Draghi comments after steady policy annc earlier; weaker equities

(emini -2.25, 2461.5) and USD, strong move gold (1349.79/H) added to risk-off.

- Little react to wkly claims +62k to 298K, Tsys ratcheted higher w/EGBs. Flow

included prop and fast$ buying 5s and 10s, bank port', real$ buying 10s, 30s,

stops triggered on way up, fast$ sales short end. Second round of buying late

morning w/real$, bank and insurance portfolio buying long end prop, fast- and

real$ buying 5s and 10s, 5- and 10s vs. 30s flatteners. Sporadic profit taking

on way up, deal-tied selling and rate paying as spd curve flattened. Another

decent copr supply day >$16B, $55B on week!

- USD/Yen tested 10M lows (108.34), as did 10- and 30Y Tsy ylds (2.035% and

2.653% resp); sovereign peripherals mostly tighter vs. Bunds.

- Swap spds wider early, modest paying in 2s, 5s and 10s w/5- and 10yr spds

2-3bp wider, appr 4-wk highs, ongoing repo specials that adds to widening. 

- 3pm ET: 2Y 1.266%, 3Y 1.372%, 5Y 1.630%, 7Y 1.875%, 10Y 2.049%, 30Y 2.667%