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US Treasuries end Tuesday higher.......>

US TSY/RECAP
US TSY/RECAP: US Treasuries end Tuesday higher after slowly creeping higher in
two-way flows since about 8am ET. Tsys had seen late asset allocation as US
stocks declined, and talk of 737-name stock sale program. 
- Tsys in late action made new session high prices. MKt saw fairly muted tradd
into Wed 8:30am ET ADP private payrolls and Fri 8:30am ET US Nov. nonfarm
payrolls data. 
- Tsys futures earlier afternoon traded mixed, curve flatter, bonds rebound.
Short-term tactical focus, position-squaring in futures, options heading into
Fri expiration of debt limit lifting. 
- Gold hammered earlier, similar to week-ago flow: $1B nominal seller that
dropped gold unexpectedly; last week's gold selloff timing coincided with
chatter over large Mideast/Saudi Acct cashing in. Latest move does NOT appear
related to a fairly small US$ blip higher. 
- Tsy futures had 6,000 contracts sold in a block at 1:16pm ET , sell through at
124-07. 5/30Y curve flattened to +58.1 bps.
- T-Notes at 124.11+ last in Asia, 10-Year yield last 2.354%.

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