NOT what you typically see going....>

US TSYS SUMMARY: NOT what you typically see going into month/half yr-end: Tsy

futures flip to lower on the closer after holding gains all session (appr -100k

TYU in miutes before close) Late buying see lvls recover to near steady. Little

to no react to flurry of late wk data: core PCE +.2% and pers inc +.4% both

in-line, PMI 64.1 better than exp 60.1. Underlying risk-off tone kicked things

off after headlines Pres Trump seeks WTO exit (needs congressional approval).

- US$ index broadly weaker (DXY -0.763 to 94.549; US$/Yen higher/off highs

110.79 vs. 110.88H); equities higher (emini +18.5, 2738.0); gold firmer (XAU

+6.85, 1255.10); West Texas crude adding to wk of strong gains (WTI +.80, 74.25,

74.43H -- new year high/revisits 2014 high).

- Better futures volume coming into the session (TYU>450k, only 835k after

midday), two-way position squaring ahead weekend and next wks July 4th holiday,

fast$, props in shorts to intermediates, light bamk and real$ buying in long

end, spd curve flatteners as 5s30s slips below 23.0 -- lowest level since late

2007. Tsy cash/ylds: 2Y 99-30.25 (2.524%), 5Y 99-16 (2.731%), 10Y 100-05.5

(2.853%), 30Y 102-25 (2.982%).