Flow & price action was limited in..........>

US TSYS: Flow & price action was limited in Asia-Pac hours, with T-Notes +0-01

at 128-13, still holding a 0-02 tick range, while the early twist flattening of

the curve has reversed into twist steepening.

- Also worth flagging an erroneous story from the NHK wire which hit on

Thursday, pointing to a North Korean missile launch, later corrected. Reminder

that participants are on watch, after the Christmas "gift" warning from the Asia

state. Tuesday saw President Trump note that the U.S. would deal "very

successfully" with such a move, while Thursday saw the U.S. fly spy planes over

North Korea.

- Elsewhere, Tuesday and Thursday saw strong 5- & 7-Year auctions.

- Eurodollar futures print unchanged to 0.5 tick higher. Only flow of note in

the space has been the previously outlined 4.0K buying of the EDU1U2U3 fly over

2 clips.