Treasuries end Wed weaker after.....>

US TSYS SUMMARY: Treasuries end Wed weaker after morning selloff on strong 49.8

Sept ISM non-manufacturing report (highest since 2005). Traders next eyed 3pm ET

speech by Spain's Catalan Pres. Puigdemont. 

- Tsys began NY higher after overnight two-way flows tilted to buying after Tues

gains, and then digested the +135,000 Sept. ADP private payrolls report. TIPS

outperformed nominal Tsys. 

- Tsys then had brisk sales on Sept non-manufacturing ISM. But market players

await Friday US Sept nonfarm payroll employment to do major moves. Post-data

sales: 15,000 TYZ sofrom 125-09.5 to 125-07.5, and a sale of US Eurodlr futures

of 12,000 Red Dec'18 at 98.125 to -.12, 30K total. 

- Tsy 10Y futures had 10:49 am ET block buy of 5,000 TYZ at 125-09, cross on

offer. Eurodlr futures had 12:45pm ET condor: buy of Sep'18 1Y bundle at -0.005;

(Old Red pack: Sep'18-Jun'19). US Secy of State Tillerson denied at news conf

that he'd resign. Core EGBs aided by Spain/Catalan referendum uncertainty. 

- TSYS 3PM ET: 2Y 1.479%; 3Y 1.615%; 5Y 1.824%, 7Y 2.159%; 10Y 2.330%; 30Y

2.877%