Rates well bid day after FOMC..........>

US TSY FLOWS: Rates well bid day after FOMC delivered third and potentially

final cut for 2019. Focus on Fri's employ data and of course headline risk:

risk-off bid for rates on headlines that China officials doubt long-term (phase

2) deal w/US; and impeachment procedure vote in House today.

- Heavy volume by the open, TYZ>580k at moment with large block buys in 2s, 5s

and 10s supporting. Other overnight flow includes prop and fast$ buying

intermediates, fast$ selling cash across curve, swap tied selling in belly and

buying long end. Light deal-tied selling 5s.

- The 2-Yr yield is down 1.8bps at 1.5798%, 5-Yr is down 3.1bps at 1.5751%,

10-Yr is down 3.9bps at 1.7329%, and 30-Yr is down 4.4bps at 2.2083%.