Treasuries have been grinding.......>

US TSYS SUMMARY: Treasuries have been grinding lower in the early going Thursday

post-Wednesday's FOMC decision and hawkish-leaning Powell presser.

- Jun 10-Yr futures (TY) down 5.5/32 at 123-13 (L: 123-11 / H: 123-21).

- Our technical analysts note: A break below Tuesday's low at 123-10 would

suggest further downside pressure to the 55-dma at 123-02.

- Cash curve is flat: The 2-Yr yield is up 2.4bps at 2.3287%, 5-Yr is up 2.5bps

at 2.325%, 10-Yr is up 2.5bps at 2.5251%, and 30-Yr is up 1.3bps at 2.9163%.

- Decent moves to the downside in Eurodollar futures, with Reds and Greens down

most (off 4.5-5.0 ticks).

- Fed Speak starts back up again Friday, with Ecabs, Clarida, Williams, and

Bowman all on the slate.

- Bank of England decision (0700ET) and Gov Carney press conference (0730ET)

potentially worth attention.

- Jobless Claims, Durable Goods & Factory Orders are the main data highlights.