US TSYS: US$ FALLS/LONG DATED TSY TOUCH MONTHLY HIGHS

US TSY SUMMARY: Tsys trading slightly higher into the bell as futures coming

tumbling down in the last half hour of trade and the short end briefly going

red. The risk on price action was brought on by recent headline, "*CHINA, U.S.

TRADE TALKS AIM AT TRUMP-XI MEETINGS IN NOV.: WSJ-BFW"; light volume (TYU

1.50M), curves mixed; 2's10s and 2's30s are higher while 5's30s have dropped

below 28.000 (-.587, 27.657); Headline this morning, "*TURKEY COURT REJECTS TO

RELEASE PASTOR ANDREW BRUNSON: HT-BFW" lead to a slight risk on price action;

Tsy firmed after data release where UofM Sentiment came in weaker than expected

at 95.3 vs 98.0 expected, 97.9 last; US Leading index came in stronger than

expected at +0.6% vs +0.4% expected, +0.5% last; 

-Equities rally this afternoon (emini +8.50, 2,853.25); DXY stumbles further in

the afternoon making new session lows (-.540, 96.105, 96.664H/96.095L); US$/Yen

falling (JPY -0.32, 110.58); West Texas Crude higher (WTI +0.48, 65.94); Gold

higher (XAU +7.45, 1181.60); Tsy cash/ylds: 2Y 100-00.5 (2.612%), 5Y 100-00.25

(2.746%), 10Y 100-02 (2.866%), 30Y 99-16.5 (3.024%).

US TSY FUTURES CLOSE: Trading steady to slightly higher after falling in the

last half hour before the bell, The risk on price action was brought on by

recent headline, "*CHINA, U.S. TRADE TALKS AIM AT TRUMP-XI MEETINGS IN NOV.:

WSJ-BFW"; light volume (TYU 1.90M), curves mixed, update:

* 2s10s +0.601, 25.145 (23.390L/25.455H);

* 2s30s +0.342, 39.840 (39.325L/41.145H);

* 5s30s -0.587, 27.657 (27.003L/28.607H);

Current futures levels:

* Sep Ultra bonds futures up 04/32 at 158-19 (158-14L/159-08H)

* Sep 30-yr Bond futures up 02/32 at 144-19 (144-15L/145-03H)

* Sep 10-yr futures up 0.5/32 at 120-09 (120-07L/120-16H)

* Sep 5-yr futures EVEN 00/32 at 113-19.25 (113-18.25L/113-23.25H)

* Sep 2-yr futures up 0.5/32 at 105-26.25 (105-25.5L/105-27.25H)

US EURODOLLAR FUTURES CLOSE: Trading mixed after tumbling lower the last half

hour of trade, Serials outperforming the rest of the strip as they remain in the

green, Current White pack (Sep'18-Jun'19):

* Sep'18 +0.0100 at 97.6375

* Dec'18 +0.010 at 97.385

* Jun'19 +0.010 at 97.240

* Jun'19 +0.010 at 97.135

* Red pack (Sep'19-Jun'20) +0.005-0.005

* Green pack (Sep'20-Jun'21) -0.005

* Blue pack (Sep'21-Jun'21) -0.005-EVEN

* Gold pack (Sep'22-Jun'22) EVEN

TECHNICALS: 

US DOLLAR LIBOR: Latest settles,

* O/N -0.0031 to 1.9169% (+0.0044/wk)

* 1 Month -0.0080 to 2.0694% (+0.0026/wk)

* 3 Month -0.0104 to 2.3119% (-0.0074/wk)

* 6 Month -0.0027 to 2.5108% (-0.0013/wk)

* 1 Year -0.0036 to 2.8130% (-0.0025/wk)

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

* Secured Overnight Financing Rate (SOFR): 1.99% vs. 1.98% prior, $782B

* Broad General Collateral Rate (BGCR): 1.98% vs. 1.97% prior, $417B

* Tri-Party General Collateral Rate (TGCR): 1.98% vs. 1.97% prior, $406B

US SWAPS: Latest spd levels:

* 2Y -0.30/19.93

* 5Y -0.25/14.13

* 10Y +0.06/7.13

* 30Y +0.20/-6.43

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

* NO DATA MONDAY AUG 20

Eurodollar/Treasury Option Summary

Eurodollar options, Pit/screen:

* 20,000 Dec 73/75 put sprd at 8 vs 9739.5/0.23%

* 30,000 Short Sep 71 calls at 4.5 vs 9708/0.38%

* 25,000 Long Green Dec 55/58 2x1 put sprd at 1

* +4,000 Red Jun 61/63/67 put fly at 6.5, futs 4.5-5

* -11,250 Sep 75/76 1x2 call sprd at 8.25 vs 9763.5/0.24%

* +10,000 Red Jun 56/60 7x2 put sprd at 0.5, bought 2 legs

* +4,000 Short Nov 71/72/73 call tree at 0.5 vs 9702.5/0.10%

     US TSY OPTIONS

US TSY OPTIONS: Latest trade,

* 6,500 TYU 121.5 calls at 2, note 7,500 traded all day between 2-3

* +3,000 TYX 120/120.5 Strangle at 120

* 1,500 USU 145 Straddles traded 108 to 104

* +2,000 USV 145 calls at 6 over USU 144.5 calls

* 2,000 TYX 120 puts at 41, futs 8-8.5

* +2,500 TYU 123.75 calls at CAB

* +1,000 USU 145 calls at 26 vs 144-22/0.44%

* +1,000 FVX 114.75 calls at 8, futs 12.75-13

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

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