Treasuries open NY weaker after.....>

US TSYS SUMMARY: Treasuries open NY weaker after overnight range, 2way flow. 10Y

2.392% vs. 2.396% recent high yld. Data: 8:30am Oct trade bale, 9:45am ET Nov

Markit Services Index, 10am ET Nov Non-Mfrg ISM & Dec IBD/TIPP Optimism Index,

QCEW Emp. 

- TOKYO: Tsys saw brief early bid, then drifted lower. Buying by pension funds

and Japanese lifers. But Asian real$ sold intermeds amid firm US$/yen. Nikkei

stk index -0.5% 

- LONDON: Tsys rise off day's low starting 2am ET amid better buying in 2Y, 5Y,

10Y notes and credit-tied buying in 5Y, 10Ys; offset by sales in 10Y notes; 

- US SWAPS; Steady/mildly tighter in wings; flatteners in 5/7Y, 5/10Y, 10/30Y. 

- EURODLR FUTURES: Steady, mixed; short-end sales as US$ LIBOR set higher. 

- TAXES: Sen/House tax bill reconciliation starts: Hse Ways & Means Comm Kevin

Brady to be reconciliation conf chairman. 

- US HIGH-GRADE CORP ISSUANCE: Today: BNG $750M 3Y sust., Prov of New Brunswick

$500M global 5Y note, likely others.