Tsys trading stronger, off London...>

US TSYS SUMMARY: Tsys trading stronger, off London session highs on moderate

futures volume (TYM<290k), yld curves adding mildly to Thu's sharp flattening

(5s30s -.419, 27.27 vs. 26.739L), 10Y yld -.0018, 2.9604%. Quiet data to round

up the wk, focus on StL Fed Pres Bullard on economy, mon/pol, Springfield Biz

Development Corp Meet, 0830ET.

- US$ index ratcheted lower (DXY -.123, 92.526; US$/Yen 109.290); equities

firmer (emini +6.25, 2725.0) while West Texas crude off highs (WTI +0.06, 71.42

vs. 71.63H); gold firmer (XAU +3.51, 1325.11).

- Asia, quiet sideways trade on limited volume through much of Asia hours trade,

FX-tied bid into London cross as US$ index support waned.

- London, carry-over bid, partially FX-tied with support moderating over last 90

minutes. Volumes still rather light heading into the weekend. Flow included

cross-current trade from fast$ in 10s, Asian lifers selling in long end.

- Swaps, spds running tighter, spd curve adding to Thu's steepening, light flow

w/$170M receiver 10s 2.99582% recently, receiver in 1s at 2.546 earlier.

- Tsy ylds: 2Y 2.534%, 3Y 2.688%, 5Y 2.833%, 7Y 2.940%, 10Y 2.968%, 30Y 3.119%