Refile: Treasuries crept up Thu.....>

US TSYS SUMMARY: Refile: Treasuries crept up Thu after started NY lower, on

react to Trump tax plan/cut (more Tsy supply, fiscal stim? higher stocks?) Fed

Chr Yellen recent Dec rate hike hint, other Fed officials agreeing caused

nerves. Tsys began lower after overnight technical sales as cash 10-yr note yld

broke over 2.326% 200-day moving avg; other sales, TYX put buys. (10Y yld closed

BELOW 200-day avg.) 

- Tsy pre-auction shorts, mkt calmer. Tsy futures had short-end buys: 11,200 TUZ

2Y futures at 107-28.75, and large 130K at 107.28.5. Heavy Dec'17 Eurodlr

futures buys aid front end; Dec rate hike backpedaled to 64.9% vs 71.3% Wed. 

- Superb Tsy 7Y auction: 70.6% indirects, 3rd best since 2009; stopped thru to a

2.130% rate, large 18.95% directs, only 10.4% for dealers, some chase mkt up,

missed auctn; cvr 2.7. Tsys corp-tied hedges, FX-acct buys/short-coverg on weak

US$; mild buying of 2Y, 3Y, 5Y cash, two-way flows, early mild FX-tied sales.

Fri: mo-, qtr-, Jpn half-yrend and Yom Kippur. Fed did $209B 1-day RRP. 

- TSYS 3PM ET: 2Y 1.455%, 3Y 1.578%, 5Y 1.896%, 7Y 2.126%, 10Y 2.309%, 30Y

2.869%.