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

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.