BMO's Aaron Kohli said "the fact...>

US TSYS/RESEARCH: BMO's Aaron Kohli said "the fact that a Bitcoin split and a

spat between President Trump and Senator Bob Corker occupied much of the early

session today, speaks volumes about the market's lack of focus as we await more

from central banks and the fundamental data prints ahead. One headline that did

get some attention late in the day was that Trump had asked congressional

members for a show of hands at a GOP policy lunch today on who they would prefer

as Fed chair (Bloomberg stated that Taylor won)."

- "This led a sizable jump in yields late in the session with 10s closing about

4.5 bp higher on the day," he said. "We're not sure this means anything for

whether Taylor eventually gets the nod" from the Pres. Trump for his Fed Chair

pick, "though it does at least suggest that Trump is considering the

favorability of his potential pick amongst Congressional Republicans as a factor

in his thinking. Another headline suggested that three Senators were already

leaning against Trump's tax cut plans with a fourth likely to oppose."