T-Notes edged back from the late NY/early...>

US TSYS: T-Notes edged back from the late NY/early Asia-Pacific highs, as

positive reports re: Brexit matters seemingly being passed through the UK

cabinet saw risk boosted in early dealing. BBG source reports noting that the

U.S. is set to hold off on auto-tariffs for now also aided risk appetite early

on.

- Optimism has been curtailed by familiar questions surrounding a Brexit deal

re: resistance from the UK opposition party, hard-line Conservative Brexiteers &

the DUP, as well as a negative session for the majority of the major

Asia-Pacific equity indices, with T-Notes now sitting in the middle of their

tight overnight range as a result.

- Cash yields are higher on the day, with the belly of the curve experiencing

some marginal underperformance.

- The white & red Eurodollar contracts trade 0.5 to 1.0 tick lower last.

- Focus Wednesday turns to U.S. CPI, as well as speeches from Fed Chair Powell &

Gov. Quarles.

- T-Notes last 118.15, U.S. 10-Year cash Tsy yields last 3.147%.