Treasuries ended Fri weaker, US.....>

US TSYS SUMMARY: Treasuries ended Fri weaker, US stocks higher amid Fed Chair

speculation, and Thu GOP-led Senate passage of fiscal 2018 budget; spurred tax

reform hopes. Rising chances of Dallas Fed Powell as next Fed chair (58%, up 19%

after Pres Trump met Fed Chr Yellen late Thu) added to move, with Tsy futures

making new lows for wk.

- Tsys rose on news Fed Chr Yellen at Wh.Hse then fell as mtg Cohn, not Trump.

Fox Bix News: Trump may pick Taylor and Powell to Chr or VC (or vice versa), as

that would placate. DJIA briefly hit new all-time high 23,317.29 at 2;24pm ET). 

- Tsys: large sellers of old cash 30Y bond, real$, fast$ sold cash long end

Tsys, 5/30Y flattener unwind; TIPS outperform nominals.  

- Massive sale Eurodlr futures, -92k EDZ7 mostly at 98.495 and some -30k Mar18

from 98.355 to 98.35. Heavy option volume, some put sales/taking profits. 

- Swap spds tighter amid decent two-way flow, receivers in front end, intermed

payers, 2way curve and fly flow on light size. 

- TSYS 3pm ET: 2Y 1.576%; 3Y 1.717%; 5Y 2.020%; 7Y 2.230%; 10Y 2.381%; 30Y

2.893%.