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Treasuries ended Tues mixed,........>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries ended Tues mixed, flatter as the 2/10-year Tsy curve
visited the flattest levels since Nov. 2007 (+67.435 bps); also outright
flatteners done in 2s, 5s vs. 10s, 30S. 
- Stocks pressured as bank shares reacted negatively to flatter yield curve, but
off lows. House tax reform bill has tentative vote Thu, but some feel it may not
pass. Mkts eyed geopolitical tenson between US/N.Korea with US Pres. Trump in
region on Asian tour thru Nov.14; leaderless Catalonia vs. Spain rule; and
Brexit/EU negotiation tug-of-war. But EGB peripheral bond spreads in Portugal,
Italy, Spain and Greek 10Y spread to Germany all narrowing. 
- Tsys futures near higher end of range after mixed $24B 3Y note auction (53.5%
indirects, 1.750% rate, 2.76 bid/cover). Tsys had two-way front end action
earlier, real$ sold 5Y, fast$ unwound 5/30Y flatteners, technical sellers in
cash as 10Y neared 200-day movg avg. Heavy corporate bond issuance too. 
- TSYS 3PM ET: 2y 1.629%, 3y 1.735%, 5y 1.983%, 7y 2.170%, 10y 2.309%, 30y
2.771%.

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