Traders in the U.S. Treasuries market.......>

US TSYS: Traders in the U.S. Treasuries market will watch many things next week:

U.S. economic data such as the June personal consumption expenditure (PCE)

Tuesday and key US nonfarm payroll employment report next Friday. But the market

will also watch geopolitics after North Korea reportedly fired a missile into

the sea near Japan today, said MNI in a Credit Mtk WkAhead story at 15:02pm ET.

- Traders will especially look at inflation clues in the PCE report, as that is

the favored U.S. inflation gauge for the Fed these days. Many say PCE is a big

deal, because the Fed is watching that inflation gauge. "The PCE looms large as

the Fed cares more and more about inflation, so the markets should care more and

more about that inflation gauge," said one observer. A veteran trader agreed.

"The job report is the biggest thing, but the market is obsessed with

inflation," he said. "So, you got PCE on Tuesday. That is the 'it" number, the

one the Fed looks at."