US Treasuries rose Friday on........>

US TSYS SUMMARY: US Treasuries rose Friday on speculation that US Pres. Trump

would chose Jerome Powell as his Fed Chair, which the market viewed as

relatively dovish in comparison to the other front-runner, Stanford Univ's John

Taylor. Trump will announce his choice before the Nov. 3rd start of his Asian

trip. Such speculation overcame earlier bond weakness amid firmer 3% 3Q GDP and,

and 2.2% GDP price index, 1.3% Core PCE Price Index, traders said. 

- Tsy futures had heavy sales in TYZ 10Ys from 124-11.5 down to 124-09. Buyers

then stepped in at the lows after softer 100.7 Oct. BBG/Univ of Mich consumer

sentiment. Prop and fast$ bought intermediates; real$ bought 10Y as bounce

gained traction. More buying on softer US$ vs. Yen. Asian buying also came into

Tsys. 

- Other factors supporting rates: news that Catalonia officially declared

independence from Spain, said traders. Tsy futures also saw heavy buying in TYZ

from 124-16 to 124-19. - Tsys pared gains in afternoon, with, position square

into weekend; next week FOMC; Nov. Tsy options expire Today. 

- Tsys 3pm ET: 2Y 1.599%; 3Y 1.731%; 5Y 2.041% 7Y 2.272%; 10Y 2.426%, 30Y 2.935