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***The New York Federal Reserve released....>

US TSYS
US TSYS: ***The New York Federal Reserve released Primary Dealer position data
for Aug 2 last night. 
- Sub-2Y longs fell to their lowest since April as off-the-run positions dropped
to their lowest since Feb. Perhaps this is prompted by debt ceiling or rate hike
concerns. 
- HIGHLIGHTS: 
- 0-2Y. Just $19.5bln longs in off-the-run 0-2Y paper is small by recent
standards
- 3-6Y. Total 3-6Y paper rebounds from lows to quite elevated positions.
- 11Y+. Dealers have trimmed their exceptionally large off-the-run longs to a
fairly normal $24.1bln.
- See https://tinyurl.com/lydsm2o

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