Steady Overnight After Wednesday's Flattening

T-Notes held a tight, 0-05 range overnight, last -0-01 at 139-16+. Yields sit unchanged to 0.7bp cheaper across the curve. There really was little to note for the space, with Sino-U.S. tensions still bubbling, nothing in the way of fresh insight provided in the latest address from Fed's Daly and an in line with expectations Caixin Services PMI print out of China.

• The curve flattened on Wednesday, with soft ADP employment data and a brief pullback in the NASDAQ providing support at different points of the day, while the latest round of Fedspeak failed to move the needle. Futures block flow underscored the broader flattening theme that was evident.
• Eurodollar futures run little changed through the reds.
• Non-Manufacturing ISM, weekly claims data & challenger job cuts headline the local economic docket on Thursday, with an address from the Fed's Evans also due. We also get the 3-, 10- & 30-Year refunding announcements.