Treasuries ended a choppy...........>

US TSYS SUMMARY: Treasuries ended a choppy Thursday mixed after a slow start,

then pressure from German Bunds selloff, US corporate bond rate-locks and

pre-auction shorts into $15B US 30Y bond auction. 

- Good Tsy 30Y auction: 2.801% rate, strong 61.8% indirects, mild 6.42% directs,

left only moderate 31.8% for dealers to mop up. Mkts had somewhat cautious mood

after Japan's Nikkei stock index had mini flash crash: 2% gain then 1.7% loss

then ended -0.2%. And US stocks pressured by news US Senate tax plan wld delay

20% corporate tax rate to Jan. 1, 2019. House tax planners working on a version

too. 

- US$ firmed vs. yen earlier, pressuring Tsys; later receded aiding Tsys bid.

Oil gains on Saudi Arabia power play/anti-corruption move. 

- Flows had 2way in short end from fast$, prop accts, steepeners, deal-tied

hedging. Eurodlr futrs Block buy 6k White packs (EDZ7-EDU8). Big Tsy steepener

Block (+17.6k TYZ 10Y vs. 4.7k WNZ Ultra); +12k TYZ 10Y 125-07. Block in Tsy

bounce off lows. Tsy futures Dec/Mar roll action muted. TSYS 3PM ET: 2Y 1.633%,

3Y 1.755%, 5Y 2.003%, 7Y 2.199%, 10Y 2.331%, 30Y 2.807%.