*** US Treasuries traded higher.....>

US TSYS SUMMARY: *** US Treasuries traded higher midday Wed after a weaker NY

opening, bull flattening on US Tsy refunding annc as Tsy kept auction sizes

unch'd, but TBAC urged to raise Tsy supply issuance in front end. 10Y yld 2.359%

- Some US accts' selling early on strong +235K Oct ADP priv payrolls; foreign

accts inactive as hoped to buy higher ylds. Tsys flattening done after Tsy

3/10/30Y refunding auction announcement. TBAC meeting with Tsy said it wanted to

have issuance increases in front end. 

- The 30-year bond drew brisk buying midmorning on the softer 58.7 Oct. US ISM

Purchgs Mgrs index, soft ISM prices paid. The 30Y bond dragged up rest of curve

in price. Mkt ignored stronger 0.3% Sept. construction spending. Lg end aided by

9:47am ET block buy of 3,201 WNZ Tsy futures at 165-03. 

- Morning flatteners: 2/5Y, 2/7Y, 2/10Y and 5/30Y cash Tsys curves. TIPS and

nominal Tsys both improved; fast$ doing 5s10s steepener, bank buying in 30s; MBS

fairly steady after midmorning bid.

- Pres. Trump to annc Fed chair Thu afternoon; leaves early Fri for Asia trip

(Nov 3-14).