Traders said that while narrowly............>

US TSYS: Traders said that while narrowly mixed/flatter on the day, the

Treasuries market is being held up as some accounts may eye slim success

prospects for the House GOP tax reform proposal, which was expected Wed but

since delayed to Thursday. But such tax plan could be promising, and their

doubts could turn out to be wrong, said some traders, who expected the Tsys

market thus needs to reprice lower from recent levels if that tax reform

momentum happens and aids economic growth. 

- "We have softened after the month-end buying," said one trader. "And these

economic data points are just solid," so Treasuries "are higher than they should

be" as not pricing in such economic growth, he added. "Meanwhile stocks are

charging forward on earnings and economic growth." 

- Some foreign buyers meanwhile are biding their time and hoping to step in at

higher yield levels. It's thought that the mild sellers today are more US

accounts than otherwise, some said.