A very limited Asia-Pac session for Tsys,...>

US TSYS: A very limited Asia-Pac session for Tsys, with the now familiar rumours

re: the U.S. administration looking at banning TikTok front and centre. T-Notes

-0-01+ at 139-14 last, with a 0-02+ range intact. Yields near enough unchanged

across the cash curve. Volume much lower vs. the recent average, with a mere

~30K T-Notes changing hands thus far.

- A reminder that Thursday's Fedspeak offered little in the way of fresh

discussion, but continued to point to split views on the need for YCC as at

least an option in the toolbox. NY flow was dominated by a 7.5K block buyer of

USU0 180.00 puts. Volume was light, with some bull flattening seen on the curve

come Thursday's close.

- Eurodollar futures virtually unchanged through the reds into Europe.

- Building permits, housing starts and prelim UoM sentiment are all due to be

released on Friday. As a reminder, the Fed will enter its usual pre-meeting

blackout period this weekend.