Tsy futures trading mildly weaker....>

US TSY FUTURES: Tsy futures trading mildly weaker after holding mild bid into

the London crossover, revisiting early session lows heading into the Jackson

Hole eco-fin symposium, Fed Chair Yellen at 1000ET, ECB Draghi at 1500ET.

Equities higher (emini +6.25, 2447.0), gold firmer (+1.19, 1287.48), oil firmer

(WTI +.32, 47.75)

- Asia, sources reported Asian regional banks and credit funds buying in Tsys.

- London, Tsys and EGBs receded early in London trade. Sources noted credit tied

buying in 5s, end user and bank portfolio buying in 10s followed by fast$

sellers in 5s and 10s.

- Swaps, spds running mildly wider for the most part, spd curve mildly steeper

again. Flow included macro fund paying in 2s10s and receiving in 10s/30s

earlier. Early London flow included a 3-5Y curve flattener in $160mln vs.

$100mln and payer of 5Y outright in E100mln at 08:39BST. There was also a

$130mln TY invoice spread roll from Sep to Dec at 09:06BST.

- Eurodollars, trading mildly weaker, near session lows on decent volume in

Whites (Sep17-Jun18), Red Dec'18 leads with 67.5k, 98.31 last (-0.015).