US TSYS: DXY CLIMBS TO MULTI-YEAR HIGH

     US TSY SUMMARY: Tsys trading slightly lower into the bell, volume (TYU

1.16M), curves slightly flatter; long end of Tsy crossed into the green this

morning until equities climbed higher bringing Tsy back to lower levels;

-Headlines out of Turkey today, "*ALBAYRAK: WE'LL FIGHT THOSE WHO TRY TO HARM

CONFIDENCE CLIMATE-BN","*ALBAYRAK: DOLLAR HAS TURNED TO POLITICAL PUNISHMENT

TOOL-BN","*ALBAYRAK: WE'LL SEE TURKISH LIRA STRENGTHENING FURTHER-BFW"; Turkish

Lira (TRY -.5577, 6.3261)

-DXY climbed higher today (+.314, 96.705, 96.794H/95.164L) touching new

multi-year highs

- Headline this morning, "India Is Said to Mull 50% Iran Oil Cut to Secure U.S.

Waiver-BFW" lifted oil higher but quickly reversed lower for the session as

inventories remain low; West Texas Crude (WTI -0.03, 67.17);

-Equities higher today (emini +17.50, 2,843.00), US$/Yen stronger on the US$

(JPY +0.51, 111.21); Gold (XAU +1.16, 1194.67); Tsy cash/ylds: 2Y 99-31.5

(2.631%), 5Y 99-29.25 (2.767%), 10Y 99-26.5 (2.893%), 30Y 98-26 (3.060%).

US TSY FUTURES CLOSE: Trading slightly lower as equities climbed higher (emini

+17.50, 2,843.00), volume (TYU 1.15M), Curves slightly flatter; update:

* 2s10s -0.195, 26.021 (25.034L/26.746H);

* 2s30s -0.195, 42.869 (41.281L/43.084H);

* 5s30s -0.078, 29.477 (28.172L/29.647H);

Current futures levels:

* Sep Ultra bonds futures down 14/32 at 157-20 (157-17L/158-09H)

* Sep 30-yr Bond futures down 11/32 at 143-31 (143-28L/144-13H)

* Sep 10-yr futures down 04.5/32 at 120-03.5 (120-01L/120-08H)

* Sep 5-yr futures down 03/32 at 113-16.75 (113-15.25L/113-19.75H)

* Sep 2-yr futures down 01/32 at 105-25.25 (105-24.5L/105-26.25H)

US EURODOLLAR FUTURES CLOSE: Trading lower across the strip, tight range with

low volume. Current White pack (Sep'18-Jun'19):

* Sep'18 -0.010 at 97.625

* Dec'18 -0.025 at 97.380

* Jun'19 -0.035 at 97.230

* Jun'19 -0.035 at 97.120

* Red pack (Sep'19-Jun'20) -0.040-0.030

* Green pack (Sep'20-Jun'21) -0.030-0.025

* Blue pack (Sep'21-Jun'21) -0.025

* Gold pack (Sep'22-Jun'22) -0.025-0.020

TECHNICALS: 

US DOLLAR LIBOR: Latest settles,

* O/N +0.0008 to 1.9133% (+0.0008/wk)

* 1 Month +0.0008 to 2.0635% (-0.0033/wk)

* 3 Month +0.0014 to 2.3152% (-0.0041/wk)

* 6 Month +0.0048 to 2.5124% (+0.0003/wk)

* 1 Year +0.0105 to 2.8135% (-0.0020/wk)

US TSYS: *** /REPO REFERENCE RATES: (rate, volume)

* Secured Overnight Financing Rate (SOFR): 1.91% vs. 1.90% prior, $733B

* Broad General Collateral Rate (BGCR): 1.89% vs. 1.87% prior, $396B

* Tri-Party General Collateral Rate (TGCR): 1.89% vs. 1.87% prior, $382B

US SWAPS: Latest spd levels:

* 2Y +1.34/19.71

* 5Y +0.68/13.75

* 10Y +0.75/6.75

* 30Y +0.55/-6.93

     OUTLOOK: Data/speaker calendar (prior, estimate): 

- Aug 15 ** 10-Aug MBA Mortgage Applications -3.0, -- %  0700ET

- Aug 15 ** Q2 non-farm productivity (p) 0.4, 2.4 %  0830ET

- Aug 15 ** Q2 unit labor costs (p) 2.9, -0.4 %  0830ET

- Aug 15 *** Jul retail sales 0.5, 0.1 %  0830ET 

- Aug 15 *** Jul retail sales ex. motor vehicle 0.4, 0.4 %  0830ET 

- Aug 15 *** Jul retail sales ex. mtr veh, gas 0.3, -- %  0830ET 

- Aug 15 ** Aug Empire Manufacturing Index 22.6, 20.0  0830ET

- Aug 15 *** Jul industrial production 0.6, 0.4 %  0915ET

- Aug 15 *** Jul capacity utilization 78.0, 78.2 %  0915ET

- Aug 15 * Jun business inventories 0.4, 0.1 %  1000ET

- Aug 15 ** Aug NAHB home builder index 68, --  1000ET

- Aug 15 ** Aug Atlanta Fed inflation 2.1, -- %  1000ET

- Aug 15 ** 10-Aug crude oil stocks ex. SPR w/w -1.35, -- m bbl  1030ET

- Aug 15 ** Jun net TICS flows --, -- b USD  1600ET

- Aug 15 ** Jun long term TICS flows --, -- b USD  1600ET

Eurodollar/Treasury Option Summary

Eurodollar options, Pit/screen:

* +5,000 Dec 73/75 1x2 calls sprd at 1

* +10,000 Dec 73/75 put sprd vs Green Dec 67 puts for net 2, note bought put

sprd, BLOCK

* -10,000 Sep 76 at 2.5 vs 9763.25/0.56%, note -20k in pit, BLOCK

* +10,000 Dec 75/76 1x2 call sprd at 0.5, total of +20k blocked

* +4,000 Dec 75/76 1x2 call sprd at 0.5, note +10k just blocked, +12k blocked

overnight, +4k in pit earlier all at 0.5

* 3,000 Short Oct 77 calls at 1

UPDATE: Total -85,000 Green Dec 65/67 put sprd at net 3.75, note yesterdays

large +50k Green Dec 67 puts BLOCK bought at 6

* +15,000 Red Mar 60/62 2x1 put sprd at 1

* -10,000 Short Dec/Green Dec 70 put sprd at 1.5 vs 9704.5/0.15%

UPDATE: Total -20,000 Mar 72/73 call sprd at 0.5 over Mar 70/71 put sprd

* +5,000 Oct 75/76 1x2 call sprd at 0.5

* +7,000 Short Dec 65/66/67 put fly at 1

* +10,000 Red Dec 63/66 put sprd at 5

UPDATE: Total 10,000 Dec 71/72 put sprd at 1.5

* Total -20,000 Green Dec 65/67 put sprd at 3.75 on legs

* 5,000 Sep 76 puts at 2

     US TSY OPTIONS

* +5,000 TYU 119.75 puts at 8 vs 120-03/0.28%

* +5,000 TYU 120.5 calls at 10, futs 4.5/5

* +2,000 TYU 122 calls at 2 vs 8.5/0.05%

* +5,500 TYU 122.75 calls at 1

* -8,000 TYU 120.5 calls at 11 vs 120/6.5-7

* +2,500 TYU 121 calls at 5, as futs 06 offer

--MNI Chicago Bureau; +1 630-698-0154; email: ryan.martin@marketnews.com

[TOPICS: MTABLE,M$U$$$,M$$FI$,MN$FI$,MN$FX$]