Tsys trading mildly higher near.....>

US TSYS SUMMARY: Tsys trading mildly higher near the top of a tight range, light

volume (TYU 652k), curves mixed; Light data today as the personal consumption

price measures, often used to preview CPI and PCE prices -0.1% overall, -0.1%

ex. food and energy, and +0.2% ex. food, energy, and trade services, with y/y

gains above 2%; 

-Initial unemployment claims were below expectations in the Aug 4 wk, -6k to

213k vs 220k expected. Claims were revised up to 219k in the July 28 wk; US TSY

30Y $18B Bond auction still to come at 1300ET today; 

- According to an MNI calc, outlook for June business inv is +0.1% based on the

+0.1% factory inv and assuming no revision to adv flat est for retail inv.

Business sales would be +0.4%, based on -0.1% wholesale sales, +1.0% factory

shipments, and assuming no revision to +0.3% for retail trade sales.

-West Texas Crude (WTI +0.02, 66.96), US$/Yen remains below 111.00 (JPY -0.05,

110.93, 111.18H/110.71L); DXY stronger (+0.214, 95.306); Equities higher (emini

+4.50, 2,859.75); Gold falling (XAU -0.68, 1213.27); Tsy cash/ylds: 2Y 99-30.25

(2.651%), 5Y 99-22.5 (2.813%), 10Y 99-14 (2.939%), 30Y 100-18.5 (3.094%).