Tsys trading marginally mixed at....>

US TSYS SUMMARY: Tsys trading marginally mixed at the moment, 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. 

- US$ index higher (DXY +.201, 90.141; US$/Yen>107.66); equities mildly higher

(emini +0.75, 2693.75); gold weaker (XAU -3.67, 1341.93); West Texas crude

little softer after Thu's new 3+yr high of 69.5, WTI currently -.47, 67.82.

- Asia, Tsys opened steady to late NY lvls, mild 2-way flow, weekend positioning

into London cross-over.

- London, Tsys followed Gilts higher after the London open, retraced just as

quickly followed by choppy two-way trade as mkt adjust to lower chances of BOE

hike. Flow included two-way from prop and fast$ accts in short end, bank

portfolio buying in 10s, sporadic FX-tied selling in belly/long end. 

- Swaps, spds running steady/tighter w/receivers, deal-tied flow in 7s and 10s

- Eurodollar futures, short end of strip firmer post 3M LIBOR set -0.0023 to

2.3592% (+0.0064/wk).