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Tsys trading steady/mixed, mid to...>

US TSYS SUMMARY
US TSYS SUMMARY: Tsys trading steady/mixed, mid to low-end narrow range on light
volume (TYM>215k); quiet ahead ECB annc in a few minutes. US$ index firmer (DXY
+.150, 89.786); equities firmer (emini +8.0, 2736.25); gold little weaker (XAU
-1.02, 1324.5); West Texas crude little softer after Wed' rout (WTI -0.15,
61.0).
- Asia/London hours sources reported bank buying in 5s and 10s earlier, two-way
on the follow, position squaring ahead ECB annc.
- Swaps, spds mostly wider, 2yr leading move. Sources reported decent real$
receiving 5s earlier.
- Eurodollar futures, trading weaker across much of the strip, short end off
lows despite the decent/continued rise in 3M LIBOR (+0.0142 to 2.0714%,
+0.0462/wk).

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