Relatively quiet session, Tsys.........>

US TSY FLOWS: Relatively quiet session, Tsys see-sawed on inside range session,

moderate volumes w/TYM under 1M after the bell, yld curves flatter with long end

outperforming. 

- No tail event headlines into lead-up or during the session, weekly claims

slightly better than expected (?!). When is over 4M weekly jobless claims a

positive read? When compared to more dire estimates as Tsy futures came under

mild sell pressure after latest claims number (4.27M), while equities turned

higher.

- Rates surged higher little after 0930ET when Nikkei reported BOJ will discuss

unlimited bond buying at its next meeting, while doubling the purchases of

corporate instruments -- knock on bid in Tsys ensued w/rates see-sawing in

narrow range through the close.

- Corporate debt picked up, issuers off the sidelines to take advantage of the

relative calm, $6.5B Wells Fargo 2pt priced late.

- The 2-Yr yield is up 0.4bps at 0.2171%, 5-Yr is down 0.3bps at 0.3641%, 10-Yr

is down 1.8bps at 0.6015%, and 30-Yr is down 3.5bps at 1.1798%.