Treasuries prices open NY weaker,...>

US TSYS SUMMARY: Treasuries prices open NY weaker, steeper after overnight drift

since 3:30am ET then move off overnight lows around 6am ET. Tsys improved with

EGBS as Reuters said ECB Draghi would not make new policy changes at the Jackson

Hole Fed conference. Traders now await 2pm ET FOMC meeting minutes release. 10Y

2.278% vs. 2.285% day high yld of 5:46am ET.

- TOKYO: Tsys range amid early 2way flow, initial dip buyers, and credit-tied

selling with ready bids below. Asian end users bought 10Y note. 

- LONDON: Tsys saw end-users buying short end, real$ selling 5Y, 10Ys early. EGB

buying flurry on Reuters ECB story saying Draghi will hold off policy "debate"

until autumn. Foreign central bank buying occurred in 2Y, 3Y; fast$ bought 5Ys.

Misc accts bought 10Y, 30Ys. Atl. Fed Bostic told CNBC US economy will look much

better in 2H; worried on inflation but not seeing sustained inflation. 

- US EURODLR FUTURES: Steady to mildly lower out strip. US SWAPS: Steady to

mildly wider out curve; mild deal-tied paying. 

- O/NIGHT REPO: Tsy 2Y, 5Y notes traded tight. 

- HIGH-GRADE CORPORATE BOND ISSUANCE: VMware bond potentially.