Early Asia-Pacific trade saw Tsys edge......>

US TSYS: Early Asia-Pacific trade saw Tsys edge higher, as JPY strength set the

tone ahead of the elongated Japanese holidays, before the JPY faded & TU/US

block stepeeners (per sources) were lodged on 3 occasions, helping T-Notes off

best levels.

- The aforementioned flows likely helped to promote modest twist-steepening of

the curve in the cash space.

- Elsewhere, White House economic advisor Kudlow told NewsMax that he thinks

"the Fed is moving toward rate cuts."

- Eurodollar futures trade 0.5-2.0 ticks higher through the reds.

- Participants remain focused on Friday's Q1 advance GDP print. The final

Atlanta Fed GDP Now estimate for Q1 stands at 2.7%, revised slightly lower from

2.8% in the wake of Thursday's data, but still represents a more than healthy

uptick from the near enough flat readings given in mid-March.

- T-Notes last 123.14, U.S. 10-Year cash Tsy yields last 2.529%.