Choppy day for Tsys, futures...........>

US TSY FLOWS: Choppy day for Tsys, futures see-sawed weaker, near middle session

range, more than making up for Mon's rally as concern over spd of newly named

"COVID-19" virus inexplicably cooled overnight. 

- Fed speakers weighed in: StL Fed Pres Bullard said outlook could be altered as

outbreak risk threatens soft landing; Mn Fed Pres Kashkari: virus outbreak isn't

a major risk to the U.S. economy; while Fed Chair Powell will be "closely

monitoring emergence of coronavirus."

- More from Fed chair: current stance of monetary policy will support continued

growth, a strong labor market, and inflation returning to the 2% target, Powell

said. Round two for Powell Wednesday.

- Several TYH block sales, some vs. Bunds, "catalyzed" after dovish MNI sources

story "Chances Rise Of ECB Rate Cut On Data, Coronavirus" made the rounds.

- Midday risk-on unwind after Bbg headline "FTC TO EXAMINE PAST ACQUISITIONS BY

LARGE TECHNOLOGY COMPANIES" spooked markets. The 2-Yr yield is up 2bps at

1.4133%, 5-Yr is up 2bps at 1.4076%, 10-Yr is up 1.9bps at 1.5885%, and 30-Yr is

up 1.4bps at 2.053%.