Tsys mildly lower to steady in......>

US TSYS SUMMARY: Tsys mildly lower to steady in the long end by the bell -- had

recovered off midday lows in second half, traded mildly higher in long end after

bounce in US$ lost momentum.

- Decent volume on quiet two-way trade (TYM appr 1.2M); US$ index mildly higher

(DXY +.428, 90.132; USD/Yen fell to 105.8 but bounced back to 106.2 late);

equities mildly weaker (emini -3.25, 2750.75); gold weaker (XAU -9.03, 1315.67);

West Texas crude little firmer (WTI +.25, 61.21).

- Generally quiet two-way flow on session, traded higher w/Gilts after strong

10Y auction in UK, gradually receding on stronger US$ into the second half.

Little react to wkly claims, just below est, -4k to 226k, vs the 228k exp while

Feb import price index rose for 7th straight month (Overall import prices +0.4%,

just above +0.3% exp, and +0.5% ex petro and +0.5% ex all fuels).

- Eurodlr futures traded weaker in short post 3M LIBOR set (+0.0325 to 2.1775%,

+0.0878/wk), EDH8 dropped 0.020 on appr 30k sales from 97.81 to 97.79. Swap spds

gapped tighter/spd curve steeper on decent front end receiving, flys in belly. 

- Late ylds: 2Y 2.278%, 3Y 2.421%, 5Y 2.615%, 7Y 2.752%, 10Y 2.819%, 30Y 3.053%