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Tsy futures gradually working off session...>

US TSYS
US TSYS: Tsy futures gradually working off session highs w/USD bouncing off lows
and equities making a comeback as well.
- Source points out appr 6,000 S&P 500 futures bought at 1043:354ET (the big,
not emini), not an endorsement for risk-on, Gold remains well bid (+8.93,
1317.28).
- Tsy futures volume remains healthy w/Sep/Dec roll activity continuing ahead
Thu's first notice.
- Option trade saw better upside call spd buying on net, w/decent put buying
near highs in the underlying. Implieds have receded from earlier highs.
- Swap spds mildly wider (2and 5yr roll adjusted) two-way in 2s-5s, paying in 7s
and 10s.

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