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US Treasuries traded weaker.........>

US TSYS SUMMARY
US TSYS SUMMARY: US Treasuries traded weaker midday Wed, after morning slide on
strong 49.8 Sept ISM non-manucturing report (highest since 2005) and related
selling. 
- Tsys began NY higher after overnight two-way flows tilted to buying after Tues
gains, and then digested the +135,000 Sept. ADP private payrolls report. TIPS
outperformed nominal Tsys. 
- Tsys saw brisk selling after Sept non-manfctrg ISM. But traders await  Fri US
Sept. jobs report to do next major moves. Post-data sales included 15,000 sold
in TYZ from 125-09.5 to 125-07.5, and a sale too of US Eurodollar futures of
12,000 Red Dec'18 at 98.125 to -.12, 30K total. 
- But Tsy 10Y futures had 10:49 am ET block buy of 5,000 TYZ at 125-09, cross on
offer. Eurodlr futrs had 12:45pm ET condor: buy of Sep'18 1Y bundle at -0.005;
(Old Red pack:Sep'18-Jun'19). US Sec of State Tillerson denied he'd resign. 
- Core EGBs aided by Spain/Catalan referendum nerves; Catalan leader speaks
20:00 BST (3pm ET); Catalan regnl parliament may eye declaring independence from
Spain Mon. O/N RP: Tsy 3Y, 10Y, old 2Y, old 5Y, old 7Y tight.

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