Treasuries ended Friday lower but...>

US TSYS SUMMARY: Treasuries ended Friday lower but well off day's lows after Aug

NFP miss (156k vs. 180K exp), confusion over AHE. Brief rally on weak data

(anticipated, MNI reported Aug read tends to fall short of ests), confusion over

incorrect July AHE rvsn reported lower by Bbg, rates reverse gains on

correction. 

- Brisk sales as BBG ECB story ECB likely won't have QE-taper plan ready 'til

Dec ECB meet. More sales on strong 58.8 US ISM Purch Mgrs. 

- Tsys rallied early on jobs then slid amid AHE, ECB factors. Flows: real$

buying in 2s and 5s post data, prop buying 10s; lvrgd accts in multiple

steepeners, 2s3s, 3s5s, 7s10s and 5s30s. Better sellers on reversal had fast-

and real% in 5s and 10s, bank portfolios sold 30s. Trade quieted. Tsy futures

see some misc buying out curve, consolidation/position squaring into holiday

weekend. Option vols inch lower. 

- Tsys 5/30Y curve 2way flow. Eurodlr futures: sale 20,000 Dec'17 at 98.575 to

-0.57, partially tied to Sep/Dec buy at 0.100. TSYS 3PM ET: 2Y 1.346%, 3Y

1.459%, 5Y 1.733%, 7Y 1.986%, 10Y 2.157%, 30Y 2.768%