US Treasuries prices open NY........>

US TSYS SUMMARY: US Treasuries prices open NY mildly weaker, curves mixed ahead

of 8:30am ET US Sept. nonfarm payroll employment report, which could see

hurricane-tied distortions. MNI econ poll has a 70K median estimate. Cash

10-year note is 2.366% vs. o/night high yield of 2.371% hit at 7:46 am ET. 

- TOKYO hours saw mild Tsys bid, sideways trade, mild two-way flows into UK.

Leveraged accts sold on stronger US$ with position squaring into jobs by fast$

and prop accts. Asian banks bought 30Y bonds. China and South Korea return

Monday after week-long holiday. 

- LONDON: Better selling early as German Bunds sold heavily due to stronger

German factory orders. Flow included bank portfolio buying in 2s, ongoing

two-way in 5s, extension selling in short end/vs. 5Y buying, position squaring.

US bonds closed Monday for Columbus Day holiday. 

- US SWAPS: Steady/mixed spd curve mildly steeper amid modest two-way flow in

sub-5Y, bank receiving in 5s and paying in belly, 2-5Y flattener and small

receiver in 10y. 

- OVERNIGHT REPO: Tsy 3Y, 10Y and old 5Y, 7Y notes all tight.