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Treasuries ended Monday lower after....>

US TSY/RECAP
US TSY/RECAP: Treasuries ended Monday lower after range then late slide on talk
of John Taylor or Kevin Warsh top contenders for Pres. Trump's Fed Chair. Tsys
opened NY weaker then mild 10Y sales on firm NY Empire State Manufacturing,
morning dip buys after mixed earlier flows, rate- locks. Large FVZ7 US Tsy 5Y
future sale:8,009 vs buy 5,535 German 5Y OEZ7 futures before 10:18am ET. Foreign
buying arose in cash 3Ys. Also Ultra Bond futures block buy of 3,621 WNZ at
8:15am ET. 
- Tsys buying before 12:35pm ET of 8,500 TYZ 10Y Tsy future(from 125-19 to
-19.5) Late Tsy short end sales, flatteners on Warsh, Taylor; sellers FVZ and
TYZ, sales of TYZ from 125-17 to -14 in 2-mins. 
- US Eurodollar futures: afternoon buyer: Dec'17 buy:15,000 EDZ at 98.50
(-0.005) before 2:03pm ET. An 11:01am ET block: add to earlier screen trade:
20,000 Dec 83 puts, cab, total volume 39K. Late large put buy: 110K Dec 78 puts,
2.0, appears cover. - US swaps: deal-tied hedge earlier, real$ rate short end
receivers, money manager paying intermediates; later receiving in 9s, 10s, 12s.
- Tsys's last up 2 ticks in Asia at 125-15+, the 10-Year yield last at 2.303.

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