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Treasuries ended Wed lower in 2-part...>

US TSY/RECAP
US TSY/RECAP: Treasuries ended Wed lower in 2-part selloff with brief break as
US stocks faltered, and Tsys repair some technical losses. Then Tsys continued
to slide amid afternoon bear-steepening. US House re-voted: approved US tax
bill. 
- Tsys began NY weaker after overnight 2way flow, then ebbed since about 5:36am
ET. Tsys 10-year note hit a 2.499% session high yield; highest in months, after
breaking over 2.48%, nearing key 2.5%. 
- Long end underperformed; 30Y yield hit session high yield of 2.878% at 3pm ET.
Tsy ylds thus flirted with multi-month highs. 
- Tsys saw selling in 10Ys, out curve: pensions, MBS-tied, hedge funds and CTAs,
in cash and in futures. Tsys saw 3rd day of yld curve steepening. But stocks
faltered midmorning, which helped Tsys briefly: S&P Eminis hurt by morning big
$4.6B 36.4K-contract S&P Eminis sale amid VIX action, sell-stops. DJIA index,
S&P 500 and Nasdaq weaker late. Tsys saw off-run buyers. 
- Pres. Trump holds bill "passage" ceremony(Trump bill signing at later date).
- T-Notes up 2 ticks in Asia at 123.16+

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