*** Tsys trading firmer following...>

US TSYS SUMMARY: *** Tsys trading firmer following Wed's post Jan FOMC minutes

sell-off, scaling back late overnight gains after mixed start in Asia trade.

Heavier volume (TYH>480k) as Asia returns from lunar new year holidays. Focus on

wkly claims (230k est), and final leg wk's Tsy supply w/$29B 7Y note auction. 

- US$ index firmer (DXY +.061, 90.061); equities higher (emini +9.25, 2708.0);

gold little weaker (XAU -1.73, 1322.79); West Texas crude little lower (WTI

-.23, 61.45). 

- Asia, China returns from lunar new-year holidays, better buying in 10s on out

curve from misc Asian accts, extensions, ongoing Mar/Jun roll action.

- London, choppy 2-way action, mild selling post ECB minutes, carry-over roll

action in futures decent two-way curve action, 5s30s near steady after gapping

steeper late Wed.

- Swaps, spds running steady/mixed, mild receiving in 2s, 10s, deal-tied flow.

- Eurodollar futures, steady/mixed, short end under pressure as LIBOR sets'

continued to surge, 3M +0.0239 to 1.9436% (+0.0588/wk), 6M +0.0225 to 2.1680%

(+0.0619/wk).