Reports outlining UK PM Johnson's plans.....>

US TSYS: Reports outlining UK PM Johnson's plans to guarantee a 2020 exit from

the EU, with or without a trade deal, garnered the bulk of attention in early

Asia hours.

- Nonetheless, T-Notes stuck to a 0-04 tick range, last +0-07 at 128-20+. Tsy

yields sit marginally mixed as 2s underperform. The only Tsy flow of note was a

~2.6K seller of the FVF0 118.00 puts.

- Eurodollars 0.5-2.5 ticks higher through the reds.

- Worth reminding that Fed's Bullard told MNI on Monday that monetary policy had

an "important realignment" this year and he's content to see how it ripples

through the economy before calling for further adjustments. Also worth reminding

that the latest round of Fed term repo ops covering year end were oversubscribed

on Monday.

- Looking ahead, Fedspeak from Kaplan & Rosengren is due today (Williams address

has been cancelled). On the data front we will see housing starts, building

permits, industrial production & JOLTS.