US Treasuries open Tues NY mixed,...>

US TSYS SUMMARY: US Treasuries open Tues NY mixed, steeper after overnight

two-way flows tilted to selling. Data today include auto sales daylong; Fed Gov.

Powell speaks 8:30am ET and Redbook out 8:55am ET and then 9;45 am ET Sep.

ISM-NY. Germany has Tues holiday. 

- TOKYO: Tsys ebbed lower after steady/mixed open. Asian central bank occurred

in Tsys short end, real$ selling intermediates, particularly 10s with asset mngr

and Japanese lifer portfolio selling too. Hong Kong mkts back from Mon holiday,

and Hang Seng surge 3%+, China bank shares outperform after China's Sun reserve

requirement ratio cut for some banks. 

- LONDON: Tsys 2way flow early w/TYZ 10Y futures bounce to steady before selling

off again. Flows had real$ and foreign central bank buying 2s and 3s; Asian

banks, real$ bought 5s, credit-tied sales 10s with prop and option-tied sales,

deal-tied hedging weighed. Cash 10-yr note break over 2.35% yld spurred sales. 

- OVERNIGHT REPO: Tsy 3Y, old 2Y, old 5Y and 10Y tight. 

- HIGH-GRADE CORP/SOVRGN ISSUANCE: Abu Dhabi launched $3B 5Y +65, $4B 10Y+85,

$3B 30Y +130 bps; Brazil 10Y eyed.