Curb Your Enthusiasm: Treasuries continue to knock around better, but are well off their best levels while the very short end of the curve sees added push as the rush to safety bounced prices. The minutiae of what the latest debt debacle means for other global players and financial shops is murky, and bonds have significantly backed-off prices reached as concerns over Dubai escalated. Global bonds are mixed with EuroLand going both ways as some of the panic trade is unwound, while Japan sees a continued bid with their 5-yr seeing a 4-year low yield as the currency rockets higher (Reuters). The week ahead has an economic calendar with a batch of higher-quality junk in the trunk while also getting the size of the year's final 3-10-and-30-yr auctions. The curve, in the form of the 2-10-yr yield spread, has been pulling a bit steeper, now 252.9, while the shorter spreads remain generally flattened. The dollar has also curbed its upside enthusiasm with the index backed off to sub-75 after a sudden rush over 75.57 while the yen has been also lost momentum following a run 14-yr lows. The euro has rebounded, trading back to Wednesday levels on the buck while seeing similar move from its worst levels on the yen since April.