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Treasuries prices open NY weaker,...>

US TSYS SUMMARY
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.

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