Tsys ended Thurs mildly weaker on...>

US TSYS SUMMARY: Tsys ended Thurs mildly weaker on next-to-last 2017 trading

day, with mixed curve action amid 2way flow, last-minute trades into Fri, Dec29

yr-end. Tsy had mixed/OK $28B 7Y auction: tailed to 2.370%, 2.55 cvr, fairly

good 60.5% indirect, 13.14% directs, 26.4% dealers. 

- Tsys were hit pre-auction by block sale: -6.000 USH Classic Bond futures at

152-20, a sell through -23 bid, 12:49pm ET. After auction, Tsys had

redistribution sales of 7Y notes in muted two-way flows, included dip buying. 

- Cash Tsys, futures began NY weak as hurt by EGBS, then held weaker levels into

midday, near midrange on light yearend volume (TYH 610K by day's end). Curves

mixed w/short end steepening off recent 10+ yr low. Morning pre-auction

shorts/sales into 7Y sale. No high-grade corporate deals.

- Mild buying post wkly claims (steady at 245k), little/no react to higher 67.6

MNI Chicago Business barometer. Mixed curve flow on light volume, steepener

unwind in 2s vs. 10s and 30s, 5s/30s flatteners. Modest mo/qtr/yr end buying;

most done Wed? Eurodlr futures mostly weaker, light short end buys. TSYS 3PM ET:

2Y 1.911%, 3Y 1.998%, 5Y 2.235%, 7Y 2.356%, 10Y 2.432%, 30Y 2.755%.