Generally quiet end to a busy week,....>

US TSY FLOWS: Generally quiet end to a busy week, rates bid but off midday highs

-- underlying bid since midweek's Dec FOMC minutes that came off

balanced/dovish, underscored in large part by half-dozen Fed speakers on

Thursday reiterating patience as tightening cycle getting long in the tooth.

- Yield curves mildly steeper for most part (5s30s +1.827, 5.164); equities

weaker but off lows (SPX -2.5 at 2591.5); US$ index bounced (DXY +.175 at

95.714) after word Turkey is ramping up military presence on Syrian border.

Speaking of borders, US Gov still shutdown amid border wall impasse between

congress and Pres Trump.

- Carry-over two-way flow after rates kicked off bid, real$ and official acct

buying, early prop and fast$ selling shorts to intermediates, bank buying 10s.

Fast$, prop acct selling/unwinding late.

- Heavy late session selling Eurodollar Red packs (-5k), Red Jun20 1yr bundles

(-15k), likely swap tied as 2Y spd expanded to session wides late. Earning picks

up next week. Tsy cash/ylds: 2Y 99-29 (2.547%), 5Y 100-14.5 (2.525%), 10Y 103-20

(2.701%), 30Y 106-18.5 (3.037%)