Treasuries ended Tues mainly........>

US TSYS SUMMARY: Treasuries ended Tues mainly higher, except 30Y after a

rangebound afternoon followed morning short-covering, black-box tied buys,

technical buying. Tsys began NY mixed, steepener after overnight two-way flows

tilted toward selling. Data: weaker 49.7 US ISM-NY Current Conditions Index;

4.7M annualized Sept. N.Amer car sales and 9.6M annualized N.Amer truck sales 

- But then Tsys rose as some accts covered shorts, amid JPM All-Clients Tsy

Client survey saying shorts this wk at 44%, most since May 2006. US govt bonds

had technical buying as cash 10Y note yld declined below 2.35%; overnight saw

selling as yld rose above 2.35%. 

- Black boxes bought Tsys in morning as US$ receded vs Jpn yen. Tsys saw 2/30Y,

3/30Y, 5/30Y steepeners. Earlier NY mixed flow by foreign accts and mild US$

real money profit-tkg. 

- US SWAPS: Spreads mostly tighter by close bell, curve flatter vs. steeper Tsy

curve; $100M receiver in 5Y US$ swaps at 1.999%, $110M 10Y receiver at 2.2875%.

- US CORPS/SOVS: Abu Dhabi priced $10B 3-part deal; TSYS 3PM ET: 2Y 1.475%; 3Y

1.615%; 5Y 1.923%; 7Y 2.161%; 10Y 2.332% and 30Y 2.872%