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Treasuries traded in a tight range..........>

US TSYS
US TSYS: Treasuries traded in a tight range overnight, and after strengthening a
little during the European Thursday morning have faded those gains.
- Sep8 T-note future is flat, off from a high of 120-06.
- The curve has bull steepened very slightly, with 2-Yr yields down 0.6bps at
2.669%, 5-Yr down 0.7bps at 2.775%, and 10-Yr down 0.4% at 2.880%.
- Sep/Dec Tsy futures rolls are more than two-thirds completed as % of open
interest.
- Eurodollar futures are about a tick higher across the strip.
- NAFTA talks loom large, with both US and Canadian officials expressing
cautious optimism that a deal can be reached by the end of the week.
- Personal income & spending data dominates the U.S. data docket on Thursday.

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