US Treasuries open NY weaker........>

US TSYS SUMMARY: US Treasuries open NY weaker after some give-back of Thursday

gains tied to month-end buying and FX-tied buying, and now all await 8:30am ET

US August nonfarm payroll employment. Sep/Dec Tsy futures roll largely done,

quiet start to new month. The MNI economist poll has a median estimate of 180K

for Aug jobs, 184K NFP private payrolls, 4.3% jobless. 

- TOKYO: Tsys traded mildly weaker/narrow range through Asia hours, slight

giveback of mnth-end buying. Relative value accts, Asian banks sold 5s and 10s.

Some South Asian countries were out on a holiday. 

- LONDON: Tsys had brief bid in early hours then steady selling. Sources

reported cross-current flow from bank portfolios in intermediates. 

- US SWAPS; modestly wider, spd curve flatter. At 10:00 BST (5am ET), there

appeared to be US$200M receiver of USD 3Y at 1.62%, but cd be dealer hedge trade

in reaction to $500M+ 2Y/1Y receiver 3mins before. Eurodollars, mildly lower

across the strip. 

- O/N REPO: Most Tsys issues calm into long US Labor Day holiday weekend US

HIGH-GRADE CORPORATE BONDS: Nothing scheduled Friday.