Relative quiet end to the week,........>

US TSY FLOWS: Relative quiet end to the week, rates receded in late trade as

underlying month end support quickly evaporated, curves gapped steeper. Markets

will have to wait until 1630ET for NAFTA trade comments from Canadian foreign

minister Freeland after meet w/US trade rep Lighthizer through day. 

- US$ continued to rally, the dollar index higher/off highs DXY +.387, 95.110

(94.547L/95.224H), $/Eur off -0.0068 1.1603, $/Yen rebounded +.02 111.01;

carry-over weakness in equities (emini -4.5, 2897.5); Gold steady (XAU +0.04,

1200.00); West Texas crude pared Thu's move over 70.0 (WTI -0.44, 69.81).

- Little/no react to MNI Chicago PMI coming in at 63.7 vs. 63.8 est, Milwaukee

Mfg and Michigan sentiment index numbers. Accts eager to square up ahead the

extended holiday weekend spurred moderate two-way flow, curve flattener

stop-outs late as long end bid disappeared. Potential for massive jump in

issuance next week, estimates running over $50B w/Cigna planning over $22B jumbo

issuance to help finance acquisition of Express Scripts. 

- Tsy cash/ylds: 2Y 99-31.7 (2.625%), 5Y 100-01.5 (2.738%), 10Y 100-04 (2.859%),

30Y 99-20 (3.018%).