Mkts very thin, light two-way........>

US TSY FUTURES: Mkts very thin, light two-way positioning with little react to

weaker than expected new home sales data. Futures had already scaled back from

early session highs as have equities (ESH0 +1.25). Doesn't take much for someone

with an ax to grind to push markets around. Yld curves still flatter/off lows.

Update:

* 3M10Y  -0.866, 33.176 (L: 31.086 / H: 34.149)

* 2Y10Y  -1.510, 27.051 (L: 26.236 / H: 28.324)

* 2Y30Y  -1.508, 69.703 (L: 68.369 / H: 70.653)

* 5Y30Y  -0.216, 60.771 (L: 59.485 / H: 61.351)

Current futures levels:

* Mar 2-Yr futures down 0.25/32  at 107-20.25 (L: 107-19.625 / H: 107-20.625)

* Mar 5-Yr futures up 0.25/32  at 118-12.25 (L: 118-10.25 / H: 118-13.75)

* Mar 10-Yr futures up 1.5/32  at 128-9.5 (L: 128-05 / H: 128-12.5)

* Mar 30-Yr futures up 4/32  at 156-12 (L: 156-04 / H: 156-24)

* Mar Ultra futures up 12/32  at 183-2 (L: 182-19 / H: 183-23)