Tsys trade weaker into the close,...>

US TSYS SUMMARY: Tsys trade weaker into the close, extending session lows late.

midday Tsy bounce as equities sold off earlier, partially tied to drop in FANG

shares ahead earning next wk for AMZN and GOOGL also story made rounds China

contemplating Apple products ban.

- Otherwise, US$ index remains strong (DXY +0354, 90.294; US$/Yen>107.61);

equitys lower (emini -21.5, 2671.5); gold weaker (XAU -8.81, 1336.78); West

Texas crude off lows/near steady (WTI +0.03, 68.32).

- Tsys opened mildly mixed,  middle of relatively narrow range after some

overnight chop tied to Gilts. Gilt volatility on BoE Gov Mark Carney comments

suggesting May rate hike not necessarily a done deal/could come later this year.

Short end Eurodlr buys (EDM8) after 3M LIBOR set -0.0023 to 2.3592%. 

- After rejecting 10+ year lows early Wed, Tsy yld curves continue to bounce

(2s10s +1.622, 49.441; 2s30s +1.629, 68.291; 5s30s +.581, 34.744). Weaker hands

unwound flatteners, others are fading move, expect eco slowdown after '18 rate

hikes have run course. Mixed two-way flow/day, better sales, no corp supply

- Late ylds: 2Y 2.453%, 3Y 2.611%, 5Y 2.791%, 7Y 2.905%, 10Y 2.951%, 30Y 3.142%