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*** Gradually drifting off session...>

US TSY FUTURES
US TSY FUTURES: *** Gradually drifting off session lows amid heavy volume for
this time of the day (TYZ 1.47M). VWAP on session 125-17(vwap since open
125-14.5), high volume price of 125-16 w/248k. The late TYZ/WNZ steepener helped
turn mkt. Buying off lows as Yen regained some ground vs. US$. Current futures
levels:
* Dec Ultra bonds down 2-16/32 at 165-06 (164-30L/167-20H)
* Dec 30-yr Bond futures down 1-22/32 at 153-03 (152-30L/154-25H)
* Dec 10-yr futures down 16.5/32 at 125-15.5 (125-10L/125-30.5H)
* Dec 5-yr futures down 8/32 at 117-18.25 (117-15L/117-25.5H)
* Dec 2-yr futures down 1.5/32 at 107-27.75 (107-26.5L/107-28.75H)

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