*** Commodity Futures Trading...............>

US TSYS: *** Commodity Futures Trading Commission/Commitment of Traders data for

the period ending June 12 details: large speculative accounts mostly bought

across the curve, paring shorts or adding longs, with the exception of paring

longs/flipping to mildly short in 2-year notes and extending shorts in the

Ultra-bond. In the short end, large specs added to net longs in Fed funds by

+58,027 to finish +103,890, and continued to pare net shorts in Eurodollars by

+129,162 to -3,328,226. In notes, the group reversed prior net longs in the

2-year note of +3,490 to -17,571 (-21,061 net), and pared net shorts in the

5-year note by 27,824 to -542,181. In the 10-year note, the group continued to

move off late May record shorts by +61,552 to -335,994. In the long end, the

group reversed prior net shorts in the 30-year Bond of -18,169 to +4,187

(+22,356), and extended net shorts in the Ultra-bond by -8,206 to finish

-192,631.