Treasuries end Wed higher amid EGB.....>

US TSY/RECAP: Treasuries end Wed higher amid EGB strength, risk-off flow, Brexit

nerves; also aided by soft US unit labor costs, and 190K US ADP private

payrolls. 5-/30-Year spread widened 1.1bp, long end heavy on corporate sales.

- Tsys rose until 10am ET, then drifted off session high on light profit-taking.

Tsys aided by a soft dollar/yen, FX-tied black-box buys in Tsys intermeds. Tsy

futures had sell-through block trade 8:39am ET for 5,000 TYH 10Y at 124.19,

while was block buy at 8:26am of 8,900 FVH at 116-15.5, a buy through. 

- Tsys began NY higher after overnight 2way flow, risk-off buys as global stocks

pressured by US tax worries. US Eurodlr futures saw before pre-8am ET sale of

20,000 in EDZ7s then near 8:29am ET sale 50,000 EDZ7 at 98.422; 8:26am ET block

for 2,000 Red packs (EDZ8-EDU9) at 0.035 then 10:15am ET total of 6,000 Red

packs done at +0.375. 

- Tsy said it will Fri noon ET suspend sales of SLUGS (State and Local Govt

Secs) used in muni bond mkt; Tsy wants avoid bumping up vs debt limit; temporary

ceiling lift expires Fri.

- T-Notes open Asia down 2 ticks at 124.17, 10-Year yield last 2.34%.