T-Notes have stuck to a tight range.........>

US TSYS: T-Notes have stuck to a tight range overnight, after garnering a modest

bid on the political unrest in Australia, and then on the back of headlines from

China's CBIRC stating that Chinese banks face a fresh round of bad assets

exposure.

- There was little notable reaction to the minutes from the latest FOMC MonPol

decision, which most deemed as balanced, with focus quickly turning to Fed Chair

Powell's address at Jackson Hole on Friday. Many officials saw another hike as

being likely appropriate "soon." Committee members were divided over the risks

posed by an inverted yield curve, while the FOMC highlighted trade, housing & EM

as downside risks.

- The Tsy curve sits a touch flatter last.

- The Eurodollar strip last trades virtually unchanged.

- T-Notes last at 120.21+, U.S. 10-Year cash Tsy yields last at 2.813%.