Tsy trading mixed with the short....>

US TSYS SUMMARY: Tsy trading mixed with the short end outperforming; strong

volume (TYH 1.22M); Curves steeper. Data today consisted of US GDP 3Q, Personal

Consump., Core PCE, Durable Goods, US PCE, Personal Income, Spending, and UofM

Sentiment; Tsy largely ignored todays data;

-The Fed came out today with several different statements changing the tone on

all the things that spooked the markets Wednesday; 

-Cleveland Fed President Mester spoke on radio saying, "*FED'S MESTER: GLOBAL

OUTLOOK HAS SOFTENED SOMEWHAT-bbg" and "*MESTER: WILL CAREFULLY MONITOR WHAT

MKTS SAYING ABOUT ECONOMY-bbg"

-NY Fed President Williams spoke on CNBC today which led to a risk-on price

action; Tsy slipped while equities and stocks spiked to session highs

-Equities fall (emini -54.25, 2432.00) with a low of 2431.25; WTI down (WTI

-0.46, 45.42), DXY higher (+.727, 97.003); $/Eur -0.0085 at 1.1361, $/Yen +0.03

111.31; Gold (XAU -4.20, 1255.70)

-Tsy cash/ylds: 2Y 100-6.75 (2.635%), 5Y 101-2.75 (2.637%), 10Y 102-28 (2.788%),

30Y 106-25.5 (3.027%).