Gist of Fed Chair Powell speech......>

US TSY FUTURES: Gist of Fed Chair Powell speech from Jackson Hole: economy

robust with little concern of overheating, gradual hikes appropriate if growth

continues, inflation stable little/risk of accelerating above 2%. Equities liked

it, S&Ps +9.0 at 2867.0; US$ index receded, DXY -.573, 95.093, $/Eur climbed but

pared move +0.0075 1.1617, while $/Yen slips lower, -.07 111.22. Note, 2s10s

making new 10 year lows while 2s and 5s vs. 30s still above mid-July 10+ year

lows. Yld curve update:

* 2s10s -0.236, 20.345 (19.027L/21.248H);

* 2s30s -0.333, 35.653 (35.074L/36.444H);

* 5s30s -0.086, 25.508 (25.005L/25.770H);

Current futures levels:

* Sep Ultra bonds down 6/32 at 159-27 (159-10L/160-01H)

* Sep 30-yr Bond futures down 5/32 at 145-16 (145-03L/145-20H)

* Sep 10-yr futures down 2.5/32 at 120-16.5 (120-11.5L/120-18.5H)

* Sep 5-yr futures down 1.75/32 at 113-22.25 (113-19L/113-23.25H)

* Sep 2-yr futures down .75/32 at 105-26 (105-24.75L/105-26.25H)