It has been a relatively quiet......>

US TSYS SUMMARY: It has been a relatively quiet afternoon session with USTs

trading in a relatively tight range while the dollar has incrementally

strengthened. 

- The curve has steepened on the back of the shorter-end trading firm and the

longer-end weakening. The 2s30s spread is now 3bp wider on the day.

- Last cash yields: 2-year 0.1563%, 5-year 0.2783%, 10-year 0.6332%, 30-year

1.3884%.

- The Fed earlier released a new term sheet for primary market corporate credit

facility. Pricing "will be issuer-specific and informed by market conditions"

plus a 100bps fee, and is subject to minimum and maximum spreads over comparable

maturity Treasuries, the Fed said.

- The NY Fed accepted USD17.5bn of securities in O/N repo. 

- Data published earlier in the session showed a sharp rebound in pending home

sales for May (44.3% M/M vs 19.3% survey) and the Dallas Fed Manf. Index for

June (-6.1 vs -21.4 survey).