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Treasuries ended Friday lower but......>

US TSY/RECAP
US TSY/RECAP: Treasuries ended Friday lower but well off day's lows after Aug
NFP miss (156k vs. 180K exp), confusion over earnings figures. Brief rally on
weak data (anticipated, MNI reported Aug read tends to fall short of ests),
confusion over incorrect July earnings revision reported lower by BBG, rates
reverse gains on correction. Brisk sales as BBG ECB story ECB likely won't have
QE-taper plan ready 'til Dec ECB meet. More sales on strong 58.8 US ISM Purch
Mgrs. Tsy futures saw some misc buying out curve, consolidation/position
squaring into holiday weekend. Option vols inch lower.
- In Asia T-Notes gapped higher at the open, jumping from 126.19 at Friday's
close to 126.28_ last, just off session highs at 126.30+ after North Korea
conducted a hydrogen bomb tests at the weekend spurring a flight to safety. In
the wake of the report Trump turned on South Korea saying that talk of
appeasement with North Korea is futile. The US has said they are considering all
options to deal with North Korea.
- T-Notes last 126.28+, 10-Year yield last 2.166%. Volumes will be thin today
due to the US Labour Day holiday.

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