Quite a tame Asia-Pac session for Tsys,.....>

US TSYS: Quite a tame Asia-Pac session for Tsys, with no notable news flow,

outside of a potential deepening of the COVID-19 situation in China's Harbin.

Fiscal matters developed in line with expectations, while President Trump

imposed the touted immigration ban, with certain caveats. T-Notes have held a

tight range as a result, with the contract last dealing +0-03+ at 139-16, just

off best levels after drawing support from Brent crude futures cratering to the

lowest levels seen since '99. Yields 0.8-3.5bp richer across the curve, which

has bull flattened. Swaps spreads little changed.

- On the flow side, we saw 2.0K of the USM0 180/177 put spread bought on block

vs selling 2.0K of the 189 USM0 calls, package traded at -6 (credit). This comes

after a similar trade saw 2.0K of the USM0 178/175 put spread bought on block

during Tuesday's Asia session vs selling 2.0K of the 189 USM0 calls. There was

also a 2.5K block lift of the TUM0 futures overnight.

- Eurodollar futures +0.5-1.0 through the reds.

- Comments from New York Fed officials headline a like local docket on

Wednesday.