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

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries open Wed NY higher, flatter after gaining since
7:10am ET after overnight mixed flow, range. US stock index futures weaker while
European stocks mildly lower. US 10Y yield is  2.201%, vs. 2.192% hourly yld
support of Aug. 21. 
- TOKYO: Tsys saw risk off buying in 5s and 10s as US Pres Trump threatens to
shut govt if needed to get funding for US-Mexico border wall; said US could
eventually leave NAFTA. Modest FX acct buying as USD dipped vs. JPY. HKG shut:
strong taiphoon. 
- LONDON: Tsys pressured by firmer Europe PMI and EGB supply so early sales then
bank portf. 10Y buying; real$, hedge fund mixed 30Y flows. Sep/Dec Tsy futures
rolling revs up. 
- US SWAPS: O/night macro fund 2Y receiving; prop and option-tied receiving in
5Y; macro acct paying 10s. Apparent payer E110M in EUR 5Y swap 12:37 BST/7:37am
ET; talk GBP85M 6Y swap earlier. OVERNIGHT RP: Tsy 2Y, 5Y, 10Y tight. 
- HI-GRADE CORP BD ISSUANCE: Devlpmt Bk of Japan launch $1B 5Y(MS+42), $800M 10Y
(MS+59);KfW today.

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