Treasuries ended Tues higher but....>

US TSYS SUMMARY: Treasuries ended Tues higher but off session highs as mkt eyed

Spain's Catalan leader Puigdemont who proposed to suspend independence

referendum result; Spain called speech irresponsible to an "absolute extreme."

- Tsys began NY firmer, then ebbed on rate-lock hedges, pre-auction shorts into

3/10/30Y auctions. Large block buy of 18,712 TYZ7 10Y futures at 125-03+ at

8:39am ET. And some large sell German futures/vs. buy Tsy blocks done,

startingwith 5Y trade in early Europe then a 10Y trade before UK lunch.

- Cash Treasuries rose amid technical buyers in 10Y Tsy futures (TYZ) once

overnight price range broken to upside, as contract rose over 125-07, hitting

buy-stops. Prior to 9:53am ET, there was about 45K TYZ7 traded on the move from

125-06 to 125-10. At 10:21 am ET, future block

buy via screens: 4,151 USZ7 Classic Long Bond at 152-31. Also a 13:13pm ET block

buy of 8,178 FVZ7 5Y Futures at 117-13.75. 

- US Eurodlr futures saw 23,000 at 98.49 in Dec7 contract.

- TSYS 3PM ET: 2Y 1.508%; 3Y 1.630%; 5Y 1.943%; 7Y 2.171%; 10Y 2.343%; 30Y

2.881.