Treasuries open NY higher,..........>

US TSYS SUMMARY: Treasuries open NY higher, flatter in contrast to Friday

EGB-led selloff which occurred amid talk of Mideastern selling in various asset

classes; US 10Y note 2.382% vs. Fri 3pm ET 2.397%. Global stocks weaker,

European bonds firmer. 

- TOKYO: Tsys opened steady/mixed, brief long end sell pressure before climbing

into UK  open. Asia real$ buying Tsys generally while Jpn asset mgr and

insurance portfolio buying in 10s and 30s. Weaker US$ vs. Yen spurred buying

from FX accts. 

- LONDON: Tsys carryover bid reversing slightly more than Friday selloff with

UK$ mgr and foreign central banks buying dips, real$ buying 30s. 

- US SWAPS: Wider, curve flatter. Flows had 3-4-5Y fly paying belly, receiving

in 10s and 30s earlier, $130M 3Y receiver switch from 1.96639% to 1.96697%.

Eurodlr futures  steady/mixed, long end outperforming on moderate volume. 

- OVERNIGHT REPO: Tsy old three year notes tight. 

- US$ HIGH-GRADE CORPS: Deutsche Bank NY to do 5Y fixed/FRN, JSB NC Kazakhstan

Temir Zholy to do $780M 10Y; Florida Power & Light Co. $500M 30Y.