US Treasuries saw a busy session....>

US TSYS SUMMARY: US Treasuries saw a busy session in terms of volumes but lacked

any type of direction. 

-Equities mostly saw a two way price action, with neither really on nor off.

-Most of the action was seen in the USD, with the currency coming under pressure

across the board and against most currencies, but very little in terms of

spillovers going in Govies. 

-US 20 year Auction, sold $20bn, with a 2.53 btc, at a 1.220% yield. 

-Total bids were $52.7bn, with 60.7% of indirect bidders. -FED: The NY Fed

announces that the first subscription date for loans backed by eligible

asset-backed securities (ABS) as part of the $100bln Term Asset-Backed

Securities Loan Facility (TALF) will be June 17, and the first loan closing date

will be June 25. 

-The FOMC minutes, provided very little new of substance, beside maybe some

concerns regarding stress on the Banking sector.

- 2y yields down -1.0bp at 0.156% - 5y yields down -0.8bp at 0.325% - 10y yields

down -1.2bp at 0.678% - 30y yields -0.9bp today at 1.402%.