Pt II: In other US rates action.....>

US TSYS SUMMARY: Pt II: In other US rates action Wed, US Eurodlr futures had a

sale of 20,000 EDZ at 98.50 to -.505 (before 2:48pm ET); total volume 30k at

98.50.

- Also was an apparent 2:14pm ET steepener done in Eurodlr futures: 20K June

'18, 98.33, cross on offer vs. 20K Red Jun'19, 98.105, cross on bid; 

- And sale of 20K in Dec'17 Eurodlr futures done at 98.505 (-0.025). 

- Tsy futures meanwhile had an early block at 10:03am ET, sale of 5,000 TYZ at

126-01.5, sell through. 

- Fed Chair Yellen comments at her news conference included: 

MNI: YELLEN: REPEATS POLICY 'NOT ON A PRE-SET COURSE'

MNI: YELLEN SAYS GRADUAL RATE HIKES WARRANTED

MNI: YELLEN: EXPECT INFLATION TO MOVE HIGHER, STABILIZE AROUND 2%

MNI: YELLEN: SHORTFALL IN INFLATION UNRELATED TO LARGER ECON CONDS 

MNI: YELLEN: EFFECTS HOLDING DOWN INFLATION TRANSITORY