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LBBW's Karl Haeling said the Tuesday....>

US TSYS/30Y
US TSYS/30Y: LBBW's Karl Haeling said the Tuesday Treasury's 10-year note
auction "priced 1.5 basis points above where it was trading at the bidding
deadline, after the early rally eliminated the underwriting concession that had
been built into the market Tuesday. The situation increased trader awareness
that additional concession may be needed to attract stronger demand in
Thursday's 30-year bond sale."
- He added US$ investment grade corporate/financial issuance on Wednesday
"totaled slightly more than $5.15 billion, much slower than the big days of
Monday and Tuesday (ca. $34 billion in total). Some issuers were believed to
have delayed deals due to the early somewhat unsettled market conditions."

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