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Tsys trading higher, volume (TYU....>

US TSYS SUMMARY
US TSYS SUMMARY: Tsys trading higher, volume (TYU 1.38M), curves mixed; 5's30's
rises above 30.000 (+.914, 30.277) as 2's10's and 2's30's remain lower; Data
today started with Aug Empire MFG, Retail Sales, non-farm prod., and unit labor
costs where all came in stronger than expected, Tsy ultimately ignored the
release; July Industrial prod. missed expectations while business inventories
came in line with expectations;
-Barclays are bearish the 2Y(TU), 5Y(FV) & 30Y(WN) calendar future rolls, "given
persistent long asset manager positioning". Positioning in WN "is at recent
high"
-Recent headline, "*QATAR PLEDGES $15B IN DIRECT INVESTMENT IN TURKEY: ANADOLU
-BFW"
-DXY higher (+.089, 96.820, 96.984H/96.666L); Equities falling today (emini
-32.50, 2,808.50), US$/Yen lower (JPY -0.52, 110.63); West Texas Crude (WTI
-2.25, 64.79); Gold weaker (XAU -18.10, 1176.00); Tsy cash/ylds: 2Y 100-01.5
(2.600%), 5Y 100-04 (2.721%), 10Y 100-06 (2.851%), 30Y 99-15 (3.026%).

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