Treasuries end Wed higher on...........>

US TSY/RECAP: Treasuries end Wed higher on uncertainty as Pres. Trump ends

Manufacturing Council, Strategy & Pol. Forum; Tsys & gold gained, stocks ebbed.

Earlier, Tsys rose amid unwinds of corp. rate-lock hedges from Tue heavy

high-grade bond issuance. 

- Tsys cash long end, futrs buying early on, 12:50pm ET Tsy future flattener

(6,545 FVU 5Y futures sold/vs 12,013 TYU 10Y futrs crossed on offer). Afternoon

2:04pm ET sale of 5,000 TYU at 126-12.5. Traders cited black box and real money

buys on FOMC meeting mins; traders still eyed Sep balance sheet reduction

annoucement, Dec hike. 

- Tsys began NY weaker. Reuters story that ECB Draghi wouldn't unveil new policy

change at Jackson Hole. Tsys aided by -4.8% July housing starts. 

- Tsys bull flatteners before 10:49am ET, long end led rebound. Prop, fast$

buying in 10Y, 30Y; swap-tied 10Y receiving. 2/30Y, 5/30Y flatteners, dip buys,

2/7Y, 2/10Y flatteners. Euribor ERZ7(Dec17)large buyer before 11:36 am ET:22,000

at 100.325. RP: 2Y, 5Y Tsys tighter. High-grade corp. issuance lighter.

- T-Notes open Asia at 126.16+, 10-Year yield last 2.222%.