Treasuries ended Monday lower,......>

US TSYS SUMMARY: Treasuries ended Monday lower, pressured by a weak 3Y auction

and risk-on mood sales after U.S. hurricanes lessened and N.Korea did not launch

weekend ICBM missile. Tsys began the day lower after overnight reversal of last

week's risk-off buying trades. (UN Sec Cncl will vote on N.Korea Mon 6pm ET). 

- Tsys and EGBs lower. Mon had no econ. data nor Fed speakers (blackout into

Sept. 19-20 FOMC.) Morning had a 7,000-contract block buy in Tsy 10Y TYZ future

at 9:51am ET at 127-04, buy-thru. 

- Tsys declined on pre-auction shorts/sales into $24B 3Y auction, rate-lock

hedges amid $11B in high-grade corp. bond issuance. Tsys hurt by strong stocks.

Better buying in wings, while T-bills good tone; 2Y buying. Tsys slid on

post-auction redistribution sales as soft $24B 3Y auction tailed to 1.433%, only

46.16% indirects, but strong 10.4% directs, leaving large 43.4% for dealers.

Tsys unwind of 2/5Y, 2/10Y steepeners; afternoon dip buying, rate lock unwinds. 

- US SWAPS: Tighten on risk-off unwinds. EURODLR FUT: Reversed Fri gain with

heavy front end sales. TSYS 3PM ET: 2Y 1.319%; 3Y 1.434%; 5Y 1.702%; 7Y 1.950%;

10Y 2.125%; 30Y 2.738%