Tsys were mixed on Wednesday, with.....>

US TSY/RECAP: Tsys were mixed on Wednesday, with the curve finishing flatter as

the long end recovered from session lows. Brexit/NAFTA political themes continue

to dominate.

- Limited/no reaction to better than expected second estimates of U.S. GDP, but

stronger equities helped to add weight for most of the day. This was before the

latest 7-Year Note auction stopped through by 0.6bp, with the cover ratio

bettering the 6-auction average. Dealer takedown was relatively steady, with

direct participation rising at the expense of indirects.

- Roll flow continued to dominate volume in futures, ahead of Dec becoming the

lead contract on Friday. Otherwise trade was fairly muted, and 2-way in nature,

with some deal-tied trading apparent.

- EDU8 outperformed the rest of the Eurodollar strip.

- T-Notes last at 120.02, U.S. 10-Year cash Tsy yields closed at 2.884%.