Treasuries ended Wed mildly.........>

US TSYS SUMMARY: Treasuries ended Wed mildly lower, flatter, 30Y higher after

morning curve choppiness then short-cover, technl lg end buys, 2way flows. MNI

Main Wire exclusive cited St.Louis Fed Bullard saying wld not back another rate

hike given inflatn; urged Sep bal sheet reinvestment pol change. 

- Early brisk buying in Tsy futures esp. 10Ys (77K done after initl refndng

anncmt) then 22K sold down to 125-31+ in profit-tkng. Then 10,000 USU Classic

Bond futures bought from 153-23 to -27, while 30K FVU 5Y futures traded in

uptick from 118-04.5 to -07.5. Then more bought: 9,500 TYU 8:50am ET at 125-31.5

while 7,483 bought in WNU Ultra Bonds, plus 50K TYU 10Y bought on spike. Then

11:14 am ET block sale of 5,000 TYU at 126-07, cross on bid at print time. 

- Cash 2/30Y, 5/30Y Tsy flatteners as Tsy Aug refunding news did not cite Ultra

Long bond issuance; later flattener unwind as Tsy said at briefing still studies

Ultra Bonds, no decision date. Earlier misc 5Y sellers, two-way 10y; 30Y buys by

real$, bank portfls. Bunds end nr high amid solid German 10Y sale, MNI Fed

Bullard story. TSYS 3PM ET: 2Y 1.363%, 3Y 1.508%, 5Y 1.819%, 7Y 2.082%, 10Y

2.262%, 30Y 2.846%.