Treasuries are edging higher so.....>

US TSYS SUMMARY: Treasuries are edging higher so far Thursday, with the ECB

monetary policy decision providing the near-term focal point globally.

- Sep 10-Yr futures (TY) up 4.5/32 at 127-4 (L: 126-29 / H: 127-07).

- Short end of Tsy curve outperforming: 2-Yr yield down 3.1bps at 1.8264%, 5-Yr

down 3bps at 1.8466%, 10-Yr down 2.8bps at 2.107%, 30-Yr down 3.5bps at 2.612%.

- Notably 2Y30Y and 5Y30Y are off Wednesday`s best levels in over a year, while

3M10Y and 1Y10Ys are flattening anew (3-4bps apiece).

- Eurodollars up 1-2 ticks across the strip.

- This despite generally risk-positive on the equities front, with European

stocks in the green and S&P futures up 0.3%. Dollar trading flat-to-down.

- More trade rhetoric earlier from Pres Trump on his European trip, saying China

tariffs could go up at least another $300bln, while `something pretty dramatic`

could happen in Mexico negotiations in coming days. 

- Weekly jobless claims highlight the US data calendar today. While Fed`s Kaplan

and Williams appear today (both w Q&A), ECB decision shortly worth watching.