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*** Holding near recent session......>

US TSY FUTURES
US TSY FUTURES: *** Holding near recent session lows, heavy selling in TYZ
w/over 50k sold from 125-02.5 to 125-01.5. Stops triggered on latest downturn,
longs throwing in the towel. Sources reporting fast- and real$ sellers in
5s-30s, insurance portfolio selling in 10s and 30s, flattener unwinds as well.
Not so much selling from FX accts after initial pop in US$ vs. Yen earlier.
Swap-accts relatively quiet, some receiving/payer unwinds in 10s. Current
futures levels:
* Dec Ultra bonds down 1-20/32 at 165-08 (164-31L/166-30H)
* Dec 30-yr Bond futures down 1-5/32 at 152-29 (152-25L/154-03H)
* Dec 10-yr futures down 11.5/32 at 125-02.5 (125-01.5L/125-14H)
* Dec 5-yr futures down 5.25/32 at 117-05.75 (117-05L/117-11H)
* Dec 2-yr futures down .75/32 at 107-21.75 (107-21L/107-22.5H)

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