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*** Treasuries cut losses as the market.....>

US TSYS: *** Treasuries cut losses as the market draws black box hedge fund
buying as the US dollar declined vs. Japanese yen. 
- Tsys also saw some dip buying, slightly better technical tone achieved as cash
10Y note just moved below 2.35% yield level; the break overnight above 2.35%
kicked off some selling, so this could bring in some buying. US 10-year note is
at 2.346%, vs. 2.364% session high yield hit at 5:36am ET and session low yield
of 2.343% hit at 2:56 am ET.

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