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

US TSY/RECAP
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%. 

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