Generally quiet overnight w/Tsy........>

US TSY FLOWS: Generally quiet overnight w/Tsy futures trading steady/weaker in

the long end, near middle of narrow overnight range on moderate volume

(TYH>260k). Equities little firmer (emini +3.5, 2641.75), gold little weaker

(XAU -0.72, 1275.39), oil little weaker (WTI -.35, 57.12).

- Asia, early bid was short-lived, Tsys traded steadily lower into London open,

sources reported light buying from pension funds and insurance portfolios, Asian

real$ sold intermediates on back of firmer US$ vs. Yen.

- London, Tsys rebounded, following EGBs lead amid ongoing EU/UK Brexit snags.

Flow included credit-tied and prop acct buying in 5s and 10s, real$ and bank

portfolio selling near highs in 30s.

- Swaps, spds running steady to mildly tighter in wings, spd curve flatteners

noted in 5s vs. 7s and 10s, 10s30s. More recent $123k 2/4/5 fly, receiving 5s.

- Eurodollar futures, trading steady/mixed, short and long end of strip

underperforming on modest volume. Sellers in short end as US$ LIBOR continues to

set' higher, 1M +0.0114 to 1.4032% (+0.0238/wk), 3M +0.0068 to 1.5153%

(+0.0207/wk).