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Holding higher levels after the........>

US TSY FLOWS
US TSY FLOWS: Holding higher levels after the bell, but off early session highs
on a choppy session -- belying decent volumes (TYH>1.1M) trade action seemed
muted/markets thin as US/China signed phase 1 trade deal. Experts will be
pouring over the 94 page document to weigh whether deal a win or fragile truce.
Meanwhile, House voted to send impeachment articles to Senate. E-minis chopping
around steady in late trade while gold holding appr $9.5 higher.
- Not much react to multiple Fed speakers all humming the same line, strong
jobs, wages climbing, everything is awesome (Fed enters media blackout Saturday
through Jan 30, FOMC Jan 28-29). 
- Mixed flows, block sale Eurodlr Red packs (EDH1-EDZ1) 0.00 helped siphon off
support ahead midday, ongoing deal-tied hedging in shorts to intermediates,
real$ and bank buying 10s and 30s after earlier two-way in intermediates to long
end, modest steepener unwinds.
- The 2-Yr yield is down 1bps at 1.5597%, 5-Yr is down 2.1bps at 1.5985%, 10-Yr
is down 2.8bps at 1.783%, and 30-Yr is down 3.4bps at 2.2359%.

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