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Tsys see-sawing around steady,......>

US TSYS SUMMARY
US TSYS SUMMARY: Tsys see-sawing around steady, narrow range on moderate volume
(TYU>355k), long end near lows while curves inch flatter. Data picks up today
(wkly claims 215k est; FHFA Home Price Index; Markit Svcs/Manuf; Home
sales/build permits). Otherwise, focus on Fed Chair Powell at Jackson Hole
eco-symposium Friday morning (1000ET) while some headlines from sidelines may
create some vol at symposium mixer later tonight.
-  US$ index mildly higher, DXY +.069 to 95.215; US$/Yen +.22 to 110.77,
US$/Euro -.0012, 1.1585; equities near steady (emini +0.5, 2861.25); gold weaker
(XAU -5.03, 1190.80); West Texas crude little lower after strong Wed gains (WTI
-0.09, 67.77). 
- Asia, rates drifted steady/mildly higher early overnight, modest two-way trade
on narrow range
- London, gradual bid through early London hours, Tsys trailed core EGBs lower
by midmorning. Sep-Dec roll contributing to pick-up in volume, prop and fast$
two-way flow in short end. Tsy cash/ylds: 2Y 100-01 (2.604%), 5Y 100-05
(2.714%), 10Y 100-12.5 (2.828%), 30Y 100-07 (2.988%).

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