Tsys trading lower into the bell....>

US TSYS SUMMARY: Tsys trading lower into the bell as equities rebound, volume

(TYU 1.15M), curves flatter; Data this morning came in mixed as Initial

unemployment claims were below expectations in the Aug 11 wk, but claims were

revised up to 214k in the August 4 wk; July housing starts +0.9% to 1.168m SAAR,

below the 1.270m exp, revisions for Jun and May came in mixed; Philly Fed MFG

came in much weaker than expected +11.9 vs +22.0 exp, +25.7 Last;

-Overnight China headlines spilled into US trade with US Tsy futures trading

lower throughout the session, "*U.S.-CHINA TRADE TALKS ARE SAID TO BE SCHEDULED

AUG. 21-22: DJ-BFW"; 

-Headline this afternoon, "*MNUCHIN SAYS U.S. PREPARING MORE TURKEY SANCTIONS

OVER PASTOR"-BFW; US$ climbed higher on the headline but remains slightly down

on the session, DXY (-.057, 96.639, 96.765H/96.316L); 

-Equities much stronger today (emini +24.50, 2,845.75), US$/Yen reversing higher

(JPY +0.16, 110.90); West Texas Crude higher (WTI +0.45, 65.46); Gold fell at

the end of the session (XAU -0.80, 1174.08); Tsy cash/ylds: 2Y 100-00 (2.620%),

5Y 100-00 (2.748%), 10Y 100-00.5 (2.871%), 30Y 99-13.5 (3.029%).