Treasuries ended Thurs in tight.....>

US TSYS SUMMARY: Treasuries ended Thurs in tight lower range amid muted

consolidative two-way flows heading into ackson Hole Fed conf speech Friday 10am

ET by Fed Chair Yellen and later 3pm ET Fri speech by ECB Draghi. 

- Tsys had muted react to firmer +2K rise in initial weekly jobless claims, and

then rebounded briefly on sub-expectations -1.3% July existing home sales. 

- Tsys futures had brisk early block sales: -10k TUU (2Y Futures) at 108-07.5 at

8:01 am ET, and total of -20k TYU (10Y) 126-24 at 8:05-8:09 am ET. 

- Futures: large pickup in Sep/Dec futures roll volume, Sep qtrly options expire

Fri. US swaps ended steady/mixed, curve steeper, 2-way option-tied flows. 

- NYMEX crude oil declined amid Hurricane Harvey worries as inventory may rise

with Gulf of Mexico responsible for 45% or so of US refining/ exporting

terminals. 

- Dallas Fed Kaplan told CNBC wld not rule out 3rd 2017 hike. Other speeches

Fri:  8:30am ET Cleveland Fed Mester, 2:20pm ET Fed Gov. Powell. Tsy had OK $14B

5Y TIPS reopen: 0.117% rate, 65.5% indirects, 11.63% directs, 22.84% dealers.

TSYS 3pm ET: 2Y 1.330%; 3Y 1.470%; 5Y 1.774%; 7Y 2.013%; 10Y 2.194% 30Y 2.769%.