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Treasuries prices open NY weak......>

US TSYS SUMMARY
US TSYS SUMMARY: Treasuries prices open NY weak after ebb since 2am ET. NY Fed
Dudley speaks 8:30am ET, and 10am ET Fed Chr Yellen Econ Outlk to Congress Jt
Econ Comm; mkt faces 8:30am GDP and 10am Oct NAR pending home sales. 
- TOKYO: Tsys opened w/mild safe-haven bid after N Korea missile launch, NK brag
on achieving nuclear capabilities. Pension funds, Jpn life insurers bought long
end, while US accts did early yrend sales/profit tkng in long end on highs. Some
did 5s/30s steepeners to fade flattener when curve hit +69.5bp. 
- LONDON: Tsys weak as Gilts pressured by UK/EU Brexit pact, Bunds hurt by firm
regional German CPIs. Dealer and fast$ buying in 2s and 5s, credit-tied buying
arose in belly; also light deal-tied flow, FX-acct sales as US$/yen rebounded. 
- US CORP BOND ISSUANCE: AliBaba Grp to do 5.5Y, 10Y, 20Y, 30Y, 40Y bond sale
(estimates earlier for  $5B-$7B deal size); Emirates Sembcorp Water & Pwro $400M
18Y. 
- US SWAPS: Spds mixed, intermeds marginally tighter, curve flatter. Light
deal-tied flow, rate paying in 5s, 10s. OVERNIGHT REPO: Tsy 5Y still tight at
-1.85%; 2Y, 3Y, 7Y, 10Y, 30Y tight.

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