Tsys trading moderately higher,.....>

US TSYS SUMMARY: Tsys trading moderately higher, near late overnight highs,

moderate volume (Japan mkts closed Thu/Fri for holidays). US$ index near steady

after gradual decline overnight (DXY -.001, 92.511; US$/Yen -.43, 109.41);

equities mildly higher (emini +2.0, 2629.5); gold firmer (XAU +7.51, 1312.46);

West Texas crude little softer (WTI -0.06, 67.87). 

- Relative quiet post Wed's steady FOMC, focus on statement changes (on

inflation "expected to run near symmetric 2% objective over medium term" vs.

"expected to move up in coming months" prior; "strengthening economic outlook"

while eco risks appear "roughly balanced". Many still sidelines ahead Fri's

headline Apr NFP (185k est). Weekly claims (225k est), ISM (58.2) on tap today.

- Asia, quiet sideways trade, light volume w/Japan out through weekend.

- London, Tsys trailed higher Gilts after lower than exp UK service PMI & larger

than exp fall in Eurozone core inf.

- Swaps, steady to marginally wider, light volume includes payer 3s (2.8375%),

two-way switches in 5s.

- Tsy ylds: 2Y 2.476%, 3Y 2.613%, 5Y 2.775%, 7Y 2.892%, 10Y 2.944%, 30Y 3.120%