Treasuries have held on to early....>

US TSYS SUMMARY: Treasuries have held on to early gains ahead of weekly claims.

- Bull flattening ongoing the 2-Yr yield down 0.6bps at 0.153%, 5-Yr down 1.4bps

at 0.3019%, 10-Yr down 3.6bps at 0.6169%, and 30-Yr down 4.8bps at 1.2973%.

- Jun TYs up 6/32 at 139-13; eyeing next resistance at 139-16.

- Another Thursday, another round of terrible Jobless Claims (0830ET): 2.5mln

expected this week, prior 3.17mln. Possibly more eyed are the continuing claims,

where survey says 25.1mln (equivalent to 15% of the labor force).

- Pres Trump said on Fox it's a "great time to have a strong dollar", giving the

greenback a bit of a boost (and possibly bumping Tsys a little higher). Also

said was "very disappointed in China" re COVID/Trade.

- NYFed buying $7.25Bln Tsys today. In case you missed Weds afternoon, NYFed

announced it is dialing back repo ops again, ending the 3-month ops (though

maintaining 1-mth and the $500bln daily overnight repo op limit). 

- Following up from Chair Powell yesterday are three scheduled Fed speakers:

Minn's Kashkari (1300ET), Atlanta's Bostic (1500ET), and Dallas's Kaplan

(1800ET) - we've heard plenty from them recently so little new expected.