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Tsys trading steady to mildly.......>

US TSYS SUMMARY: Tsys trading steady to mildly higher, narrow range on light
volume (TYU<215k). Quiet with no lead-in from London, markets closed for
national bank holiday (U.S. markets closed next Monday for Labor Day holiday),
data limited to Dallas Fed manufacturing index at 1030ET followed by Treasury
auctions of $51B 13-week and $45B 26-week bills at 1130ET and the $36B 2-year
note auction at 1300ET.
- US$ index little higher DXY +.032, 95.178, $/Eur soft -0.0002 1.1620, $/Yen
off -.16 111.08; equities firmer, emini +7.25, 2884.0; Gold little softer after
Fri's strong rebound (XAU -1.57, 1204.33); West Texas crude softer (WTI -0.2,
- Asia, sideways trade/two-way flow early overnight, mild risk-on selling as
Chinese eq's rallied, 2-way FX-tied flow, carry-over real$ selling cash 10s.
London, out for one-day bank holiday. Decent Sep/Dec Tsy futures rolling helping
boost volume figures, Dec takes lead month this Friday.
- Tsy cash/ylds: 2Y 99-31.7 (2.624%), 5Y 100-04.25 (2.719%), 10Y 100-14
(2.822%), 30Y 100-18.5 (2.970%).

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