THIN and ILLIQUID. Carry over........>

US TSY FUTURES: THIN and ILLIQUID. Carry over weakness from Tue kicked in during

early London trade after holding relative narrow range through Asia hours.

Multiple circuit breakers hit in long end (WNM fell to 198-10, through 199-06

low breaker; USM 167-16 low, through 167-20 breaker). Yld curves steeper but off

highs -- NOTE: 3M10Y inverted low of -29.460 on March 9, tapped +104.25

overnight! Update:

* 3M10Y  +1.604, 91.297 (L: 72.051 / H: 104.25)

* 2Y10Y  +5.363, 62.751 (L: 53.337 / H: 72.613)

* 2Y30Y  +2.192, 120.184 (L: 113.261 / H: 135.152)

* 5Y30Y  -0.078, 93.866 (L: 91.833 / H: 106.775); Current futures levels:

* Jun 2-Yr futures down 0.625/32 at 109-26.375 (L: 109-23.3 / H: 109-29.6)

* Jun 5-Yr futures down 12.25/32 at 123-18.5 (L: 123-08 / H: 124-00.75)

* Jun 10-Yr futures down 1-2/32 at 134-26.5 (L: 134-02.5 / H: 136-00.5)

* Jun 30-Yr futures down 2-29/32 at 170-23 (L: 167-16 / H: 173-13)

* Jun Ultra futures down 6-9/32 at 204-29 (L: 198-10 / H: 209-20)