Weaker after the bell -- lower half....>

US TSY FLOWS: Weaker after the bell -- lower half of range but off session lows

on moderate volumes (TYU>1.0M) while yld curves recovered fair portion of prior

session's flattening. 

- Rates opened weaker, no react to import/export prices data' as they scaled

back from Thu's broad risk-off rally as equities recovered some losses in early

trade. Friday's dead cat bounce in equities after Thu's 5-5-6% drop showed signs

of loosing said bounce in the second half Friday. Incidentally, Sep Ultra-bond

fell 3 handles earlier (215-19) triggering 2 minute circuit breaker. Yld curves

steeper/off highs. 

- Much like midmorning set-up, rates rebounded off lows as equities trim gains,

apparently in reaction to virus case number rise in Florida, N Carolina and

Arizona. Also CDC conf headline: "CDC SAYS IF CASES GO UP AGAIN DRAMATICALLY,

MORE MITIGATION EFFORTS LIKE WHAT WERE IMPLEMENTED BACK IN MARCH MAY BE NEEDED

AGAIN" Rtrs, occurred as equities started down-turn. The 2-Yr yield is down 1bps

at 0.187%, 5-Yr is down 0.5bps at 0.3183%, 10-Yr is up 2.1bps at 0.6903%, and

30-Yr is up 3.6bps at 1.4375%.