Treasuries ended lower, but.........>

US TSYS SUMMARY: Treasuries ended lower, but slightly off day's lows as cash

10-year note tried to hold key 2.40% level, after a brief flirtation earlier

with the 2.41% zone. 

- Tsys tried to improve midmorning briefly on equity softness on US Pres.

Trump/Corker tiff. But US stocks march up on good earnings, etc. US House was

set to vote Thurs on Senate-approved budget resolutn; US Sen Maj Leader Mitch

McConnell said all on same page for tax effort (Bloomberg); Hse Ways & Means

Chair Brady said tax bill cld be released Nov.1 if budget passed this week. 

- Tsys pressured by softer EGBS, stronger European PMIs, selling as US 10Y yld

rose over 2.4%. Eurodlr options:global macro super-size big put spds in pit

(150K EDZ 80/31 sprds vs. +75K each EDM 78/81 and EDU 77/80 sprds; acct rolls

out,down massive existing positn: bets futrs underestimate 2018 hikes. Rather

soft $26B 2Y auctn. 

- Tsys dipped late as Sen. Scott cited on BBG saying Taylor won GOP Sen straw

poll when asked by Trump, who talked up Taylor, Powell, Yellen so not sure sign.

3pm ET 2Y 1.577%, 3Y 1.714%, 5Y 2.027%, 7Y 2.245%, 10Y 2.408%, 30Y 2.923%