Tsy futures trading steady/mixed,......>

US TSY FLOWS: Tsy futures trading steady/mixed, curve flatter with long end

climbing off lows over last hour, light volume. Minn Fed Kashkari said hiking

rates as inflation remains weak a mistake late Mon. US$ stronger vs. Yen

(111.936), equities little weaker (emini -1.0, 2496.0), gold receding from Mon's

risk-off rally (-8.75, 1302.08), oil near steady (WTI -0.09, 52.13).

- Asia, Tsys opened near steady to Mon's closing levels, some mild risk-off

unwinds though US/N-Korea tensions remain high, China officials seeking to

squelch rhetoric. Flow included fx-tied selling, Asian banks 2-way in 10s, sold

30s, end-user buying in 30s.

- London, quiet crossover, more sideways trade w/mixed flow in the

intermediates, prop acct buying in belly light bank portfolio buying in 30s.

- Swaps, spds running steady/mixed, mildly tighter out the curve on light flow,

rate paying in the belly, recent receiver in 10s, spd curve flattener interest,

light unwinds from last week's steepeners.

- Eurodollar, steady to mildly lower in Reds-Blues (Dec'18-Sep'21); LIBOR 3M

+0.0011 to 1.3308% (+0.0011/wk).