Treasuries opened NY firmer,........>

US TSYS SUMMARY: Treasuries opened NY firmer, flatter after overnight mixed

flows. That followed Mon decline (except 30Y) amid heavy US$ high-grade

corporate bond issuance and weaker German Bunds.

- TOKYO: Treasuries declined early amid strong Australian business confidence,

but then drew some demand as Asian banks bought 2Y and 5Y notes while Asian real

money bough 5Y, 10Y notes. Also accounts bought the long end but sold the belly;

mkt improved into UK session. China had weaker than expected retail sales. China

10Y govt bond yield hit over 4% for first time in three years.

- LONDON: Tsys and rates had carryover bid, long end outperforming. Bank and

prop accts buying occurred in 30Y bonds, while real$ sold 5Ys. Others did cash

Tsy flatteners. 

- US SWAPS: Sprds mixed, curve steeper. Scattered receivers, mixed curve flows,

RV accts did flatteners, with recent 10/20Y steepeners.

- OVERNIGHT REPO: Old 3Y notes again had demand; 3/10/30Y auctions settled Wed

11/15. 

- US HIGH-GRADE CORPORATE BONDS:Wld Bk 10Y, Freddie Mac 3Y Reference Note.