Tsys trading mixed, off late........>

US TSYS SUMMARY: Tsys trading mixed, off late overnight lows on very light

volume (TYM appr 170k), TYM bouncing back to near steady last few minutes.

Relative quiet session ahead w/CPI (0.2% est) at 0830ET and $13B 30Y bond

auction at 1300ET; East coast mass transit hampered by another late winter

storm. US$ index stronger (DXY +.157, 90.052); equities firmer (emini +6.0,

2795.0); gold weaker (XAU -4.50, 1318.55); West Texas crude near steady (XAU

+0.03, 61.39).

- Asia, Tsys opened mildly weaker, drifted lower on very light volume heading

into London cross-over, light two-way trade, fast$ buying short end.

- London, carry-over sell-interest, intermediates to long end underperforming

until last 30 minutes, two-way flow on net with some prop and bank portfolio

buying 10s.

- Swaps, spds running wider, spd curve flatter amid better paying in 2s

overnight. Continued swappable corp issuance expected to keep spds in range.

- Eurodollar futures, steady to weaker, short end underperforming/anticipating

another higher 3M LIBOR set, EDH8 -0.007 at 97.832 at moment.