Treasuries prices ended Wed.........>

US TSYS SUMMARY: Treasuries prices ended Wed weaker, but the market managed

pulled out of a sharp tailspin selloff, limiting technical damage to cash 10-yr

note (hit 2.472% high yield, but ended 2.443%) 

- Tsys digested okay $15B 2Y FRN auction (4.8 DM, 60.2% indirects) and fairly

good $34B 5Y sale: 2.058% rate, 61.6% indirect, 11.1% direct, 27.4% dealers. 

- Tsys futures weaker into 5Y auction, but well off morning lows on heavy volume

(TYZ>1.60M). Tsys began weaker w/Bunds on open, pressure from Germany 10Y sale,

firm German Ifo, weak UK Gilts, firm UK GDP. Stronger US$ vs. Yen earlier fueled

selling. Some sidelined into Thu ECB policy/taper news or await  US Pres Trump

to name Fed chair (Politico said he may not name this week). 

- Tsys declined on 2.2% Sep durable goods new orders, stops hit on way down

after brief fast$ buying, corporate debt, pre-auction short setting; real$, bank

& insurer portf sales ebbed by midmorning. Yen rebound, N.Korea worry reverse

rate sell-off as did broad selloff in US equities, decent sell-programs noted

amid talk asset allocation from stocks to equities. TSYS 3PM ET: 2Y 1.607%, 3Y

1.733%, 5Y 2.056%, 7Y 2.279%, 10Y 2.443%, 30Y 2.953%