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Tsy futures trading higher/off top...>

US TSY FUTURES
US TSY FUTURES: Tsy futures trading higher/off top of range in modest rebound
from midweek curve steepening sell-off. Heavy volume (TYZ>450k) as stocks recede
from record highs, profit taking more than a systemic shift in sentiment
(exogenous factors remain: N. Korea nuclear saber rattling, Catalan/Spain rift,
tax reform uncertainty). Equities lower (emini -11.5, 2548.5), gold rebound
(+4.54, 1285.59), oil weaker (WTI -0.75, 51.25). Current futures levels:
* Dec Ultra bonds up 17/32 at 165-29 (165-06L/166-05H)
* Dec 30-yr Bond futures up 14/32 at 153-15 (152-29L/153-20H)
* Dec 10-yr futures up 7/32 at 125-11.5 (125-02.5L/125-13H)
* Dec 5-yr futures up 4.5/32 at 117-11.25 (117-05.5L/117-12H)
* Dec 2-yr futures up 1.75/32 at 107-23.5 (107-21.5L/107-23.25H)

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