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

US TSYS SUMMARY
US TSYS SUMMARY: US Treasuries prices open NY mildly weaker, steeper amid softer
EGBs, off late overnight lows, with 1pm ET US$24B 3Y auction. US stock index
futures narrowly mixed, S&P Eminis and Nasdaq down but DJIA mini up.
- TOKYO: Tsys had near steady open then got sold on strong Asian stocks (Nikkei
+1.7%, Hong Kong Hang Seng +1.3%). Tsys also had pre-3-yr auction short-sets,
selling in 10s, FX-tied sales as US$ bounced vs. Yen (114.124). 
- LONDON: Tsys held narrow/lower range during early hours, pressed as German
yield curve steepened on Austria and German linker supply. US 10-yr bottomed out
4:28am ET, 2.340% day's high yld. Dip buyers after weak -1.6% German indl prodn,
Tsys lag. Bank portfolio sales in US 5s, 2way in 10s, fast$ sold across curve. 
- Swaps spds steady/mixed, wings mildly wider. Sources cited rate receiving in
short end earlier, followed by payers in 3s (1.9387) and receivers in 4s, 5s.
Eurodlr futures lower. 
- US CORPORATES: High-grade debt issuance busy: 5-part Oracle debt, Rentenbank
10Y, Canada 5Y, and NWB 4Y Green bond, others. 
- OVERNIGHT REPO: US 3Y, 10Y note tight amid 3/10 shorts; old 3Y, 10Y tight.

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