Asian traders seemed willing to take........>

US TSYS: Asian traders seemed willing to take money off the table in light of

yesterday's Tsy rally, or they may have been trying to fade Bullard-induced move

higher. Washington Post headlines suggesting that Republican lawmakers are

discussing blocking Trump's tariffs on Mexico also helped to add some pressure

to the space. T-Notes last deal -0-06 at 127-03, a couple of ticks off of lows,

with the curve bear flattening overnight after yesterday's bull steepening.

- FVN9 put downside was noted once again overnight, although activity was

conducted at higher strikes (117.25) or via spreads (116.50/116.0), given the

recent rally.

- Eurodollar futures trade 0.75 ticks higher to 5.5 ticks lower through the

reds, steepening overnight.

- Eurodollar downside was in demand, with 40.0K of the 0EN9 98.250/98.125 put

spread lifted.

- Markets will now look to guidance from Fed's Powell & Clarida on Tuesday &

Wednesday respectively. Elsewhere, Fed's Williams & Brainard will speak on

Tuesday, with durable goods & factory orders data also due.