*** Tsys trading mixed by the.......>

US TSYS SUMMARY: *** Tsys trading mixed by the close, long end outperforming as

March'18 Ultra bond made new session highs in late trade, curves back to making

new 10+yr lows: 2s10s -2.298, 51.125; 2s30s -4.912, 84.210; 5s30s -3.960,

52.661. Tsy correlation to US$ breakdown, dollar bounce not translating to

weaker long end rates. Quiet end to wk on light volume (TYH<800k).

- Equities made new highs in late trade, emini +25.25, 2681.25; gold higher as

well, XAU +2.90, 1255.82. Choppy reacts to any word on tax bill from DC.

- Knock-on support for long end Tsys after Gilts rallied in early trade. W/FOMC,

BOE and ECB policy annc's in the rear mirror, desks set sites on clearing the

books for upcoming holiday closures and thin volumes. 

- After a mixed open, swap spds narrowed across the curve, sources cited program

receiving as Tsy curve resumed flattening; flow includes $109.8k DV01 5s7s

steepener after appr $100k DV01 2s5s flattener and 10Y switch around

2.351-.35125%.

- Eurodollar futures finish mildly weaker across the strip on light volume.

- TSY 3PM ET: 2Y 1.836%; 3Y 1.948%; 5Y 2.154%; 7Y 2.276%; 10Y 2.351%; 30Y 2.683%