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Treasuries ended Tues higher but off...>

US TSY/RECAP
US TSY/RECAP: Treasuries ended Tues higher but off session highs as the market
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, starting
with 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 the 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. 
- Tsys Opened Asia at 125-03, last at 125-05... the 10-Year yield last at 2.361.

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