Treasuries ended Thu higher after...>

US TSYS SUMMARY: Treasuries ended Thu higher after drift off midmorning

safe-haven rally highs hit amid concern on Spain/Catalan rift, N.Korea nuclear

saber-rattling and tax reform uncertainty. 

- Tsy solid $5B 30Y TIPS reopen: 0.908% rate, good 76.4% indirects, 0.50%

directs, leaving only a small 23.1% portion for dealers. Tsys saw long end

bounce from mid-week rout. US stocks receded from record high amid profit-tkg,

later consolidation. White Hse confirmed US Pres. Trump concluded mtg today with

Fed Chr Yellen; he will decide among 5 finalists for Fed Chr post. 

- There was not much of react to early data, Tsys inched higher after topping

overnight highs in long end prior to data release. Flows had better buying in

10s-30s from prop, real$ and bank portfolios, FX-tied buys as US$ softened vs.

Yen. Chatter of asset allocation out of stocks into Tsys.  

- Swap curve: deal-tied hedging, recent flow 5s10s spd flattener, 5s7s10s fly,

paying belly, small 4Y payer at 1.9825%. 

- TSYS 3PM ET: 2y 1.555%, 3Y 1.687%, 5Y 1.975%, 7Y 2.174%, 10Y 2.321%, 30Y

2.827%