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Trading lower, carry-over...........>

US TSYS SUMMARY
US TSYS SUMMARY: Trading lower, carry-over weakness after late Wed headlines of
constructive US/EU trade talks in DC, US Pres Trump saying he'd push additional
tariffs on EU to back burner as negotiations continue. Tsys off initial lows,
futures volume rather avg (TYU appr 275k). 
- Little react in US$ index at time, currently mildly higher DXY +0.075 to
94.308; US$/Yen lower after initial jump, -.15 to 110.83 (111.04H/110.59L);
equities well off early overnight highs (emini -4.5, 2836.75, FB news weighing);
gold softer (XAU -3.35, 1228.27); West Texas crude steady (WTI +0.0, 69.3). 
- Asia, little bounce off post US/EU trade talk induced lows in early overnight
trade, rather modest two-way flow indicating mkt relatively pared on summer
range, little axes to grind. Sources noted prop/spec acct selling short end,
light buying from latter buying 10s.
- London, carry-over 2-way, relative quiet ahead ECB annc shortly at
0745ET/Draghi presser 0830ET. Swap spds wider, bank portf 2-way in front end,
2s3s5s fly/receiving 5s, payer in 2s at 2.86375%. Tsy cash/ylds: 2Y 99-29.5
(2.661%), 5Y 99-18.75 (2.838%), 10Y 99-08 (2.962%), 30Y 100-20.5 (3.090%).

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