Treasuries end Mon mixed, long end.....>

US TSY/RECAP: Treasuries end Mon mixed, long end weaker amid curve steepeners;

Tsys hurt, stocks gain on hope for midweek passage in Congress of GOP tax bill.

US Hse vote may be Tue afternoon; US Sen vote may be Tue evening, said AP. -

Tsys had large steepening as curves unwind part of last wk's flattening that

pushed curve to 10-yr+ tights. US banks shares up on hope tax bill wld aid. 

- Quiet resumption of risk-on theme w/equities surging early, holding gain into

midday (large 1,250+-stock name buy program after open). 

- Tsy futures: block buys TYH +5k 124-12. +5k 124-13.5) pushed 10Y futrs to

day's high. Decent Eurodlr 1Y midcurve put buying targeting 1Q18 rate-hike

insurance. Also large buyer +40k EDM8/EDU8 spds, 0.100. Mild morning dip buying

in 2Y, 3Y, 5Y cash Tsys; 10Y, 30Y saw intermittent sales. MBS earlier had mild

tightness, then turned mixed later. 

- Pres. Trump cited national security strategy; Nikkei Asian Review: Trump

strategy "leans on military power to counter China."

- T-Notes open Asia up 1+ ticks at 124.06, 10-Year yield last 2.396%