Treasuries have been buoyed by......>

US TSYS SUMMARY: Treasuries have been buoyed by weak Eurozone flash PMI data

earlier, with the U.S. PMI numbers out later (0945ET).

- Pretty flat in Asia-Pac hours but big misses in French/German/Eurozone July

PMI numbers sent global bonds higher, with TYU9 shooting 6+ ticks higher.

- Early equity weakness also contributing to risk-off tone (Eminis off 0.3%).

- Sep futures last up 4/32 at 127-15.5 (L: 127-08.5 / H: 127-18.5).

- Tsy curve pretty flat all things considered (German curve has flattened

significantly); 2-Yr yield is down 2.6bps at 1.8119%, 5-Yr is down 2.2bps at

1.8114%, 10-Yr is down 2.5bps at 2.0567%, and 30-Yr is down 2.6bps at 2.59%.

- Short end of ED strip up 1.5-2.0 ticks early on.

- Limited set of data today alongside the July PMI numbers: rev. building

permits / New home sales. Later we get 2Y FRN and 5Y note auctions.

- Attention for next 24 hours likely to be heavily on ECB decision Thursday, esp

in light of today`s poor eurozone economic numbers.