US Tsys have edged higher from......>

US TSYS SUMMARY: US Tsys have edged higher from Wednesday US closing levels with

disappointing Facebook results and some Asian buying seen giving mild support

following yesterday's sharp sell-off. 10-yr Tsy note is 1.1bp lower at 2.9634%

with yield curve touch flatter with 2s/30s 0.5bp tighter as short-end lags.

- US Tsys largely consolidated the bulk of Wednesday's late move lower, after

coming under pressure in the wake of the U.S.-EU trade discussion.

- Tsys added to slight Asian gains at start of London trade as markets looked to

fade some of yesterday afternoon move lower. Steady consumer confidence data

from German, France and Italy put a cap on the move higher though.

- The Eurodollar strip is lower in the main, running a touch steeper than

settled, although the contracts are off of worst levels. Blue contracts are 3

ticks lower.

- Markets looking ahead to ECB monetary policy decision & press conference, US

initial jobless claims and durable goods data today. While eyes will also be on

7-Year supply later and then release of U.S. GDP on Friday.