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*** Traders said black box hedge.......>

US TSY FLOWS
US TSY FLOWS: *** Traders said black box hedge fund accounts accounted for a lot
of the choppy Treasuries market action today: Buying Tsys and selling dollar/yen
in UK and NY sessions/vs. selling Tsys and buying dollar/yen later in NY time. 
- "They want to get out of the positions now," said one trader. "They want to go
home flat" despite the lingering N.Korea safe-haven bid risk that spurred Tsys
demand to begin with, he added. "The dollar was flying," he added. "The 7-year
auction drew good demand, but it never traded at a profit," amid varied
cross-flows, he said.

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