Core FI markets meandered overnight, in.....>

US TSYS: Core FI markets meandered overnight, in the midst of a muted end to the

Asian trading week, with ranges tight and volumes mostly subdued across broader

markets. T-Notes held below settlement levels after a late downtick in NY trade

alongside a recovery in U.S. equity markets, with a further, modest uptick in

e-minis keeping a lid on the contract in Asia-Pac hours.

- Contract last prints -0-02 at 138-24+, with volume < 50K (a far cry from the

busier Asia-Pac sessions earlier in the week). Cash trade sees yields sitting

0.2-1.1bp richer across the curve, very modest bull flattening apparent.

- Eurodollar futures sit unchanged to -0.5 through the reds.

- Little to really note in yesterday's Fedspeak, with commentary from Fed Chair

Powell, as well as his compatriots Daly, Rosengren & Quarles due later today.