*** Rates holding near intra-day....>

US TSYS SUMMARY: *** Rates holding near intra-day highs by midday,

sedate/orderly trade ahead of the Dec FOMC minutes release (1400ET) --

participants not expecting much in way event risk, followed by Thu's ADP (+192k

whisper) and Fri' NFP jobs data (+190k est).

- Yld curves recovered portion of Tue's steepening: 2s10s -1.952, 52.063

(54.559H/51.882L); 2s30s -2.179, 86.866 (89.824H/86.399L); 5s30s -0.746, 55.642

56.931H/54.707L). Equities made new all-time highs (emini +16.5, 2709.5), Gold

weaker (XAU -1.57, 1315.93), West Texas crude new 2.5yr highs (WTI +1.21,

61.58). Heavy Mar'18 Eurodollar volume. 

* Tsys followed core EGBs higher initially. Midmorning action rather muted as

Tsys lost support post data, sources reported fast$ sellers in 7s and 10s

pre-data.

- Specs, real$ modest buyers on lows post data, futures still off session highs;

intermediates levering to new intraday highs w/long end lagging move.

- Swap spds running mostly wider, off early narrows amid some deal-tied hedging

in 5s-10s, light steepener action in 5s vs. long end.