Tsys traded weaker on Tuesday, with....>

US TSY/RECAP: Tsys traded weaker on Tuesday, with T-Notes going out at session

lows as equity futures rallied after the cash close, aided by Facebook's

engagement trends being better than many feared in its quarterly earnings

report.

- Better sellers were seen amid two-way flow, with corp-supply hedging in short

end, better swap-tied selling in short-end to intermediates, as well as decent

option-tied buying vs. puts on early weakness, bank portfolio and real money

a/c's were selling the long end late on. Fast$ and prop acct bought/covered

shorts post Cons Conf.

- Data picks up Wednesday: September ADP private payrolls, Q3 ECI, Q3 non-farm

productivity and Oct MNI Chicago PMI will all hit.

- T-Notes last 118.21+, U.S. 10-Year cash Tsy yields closed at 3.123%.