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*** Updating levels amid steady......>

US TSY FUTURES
US TSY FUTURES: *** Updating levels amid steady slo-mo grind off late morning
lows, poised to overtake early highs if momentum continues -- potential added
impetus is robust corporate supply that contributed to a lot of rate locks on
Friday. Meaning as issues price, hedges will be unwound further supporting
current rally ($3.5B Las Vegas Sands just launched, waiting on $5.5B Boeing
6-tranche launch). Exacerbating current move is THIN participation on light
volume: only about 400k TYU has traded since the open (TYU total volume 612k at
moment). Current futures levels:
* Sep 2-Yr futures up 1.5/32 at 107-9.625 (L: 107-09 / H: 107-10.375)
* Sep 5-Yr futures up 4.75/32 at 117-22 (L: 117-19 / H: 117-22.75)
* Sep 10-Yr futures up 8.5/32 at 127-15.5 (L: 127-09 / H: 127-16)
* Sep 30-Yr futures up 17/32 at 154-28 (L: 154-14 / H: 154-31)
* Sep Ultra futures up 26/32 at 176-6 (L: 175-14 / H: 176-14)

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