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

US TSYS: T-Notes have stuck to a tight range in the early part of the

Asia-Pacific session, holding just below settlement levels at writing. Cash

trade has seen the belly outperform.

- The major bit of news for the space to digest was that Nellie Liang has

withdrawn from her Fed Board nomination. Worth highlighting that focus on

Liang's nomination to the Fed board centred on her financial stability

background, where she is seen as a pre-eminent voice.

- The white and red Eurodollar contracts trade 1-2.5 ticks lower than settlement

at writing.

- T-Notes last 121.31, U.S. 10-Year cash Tsy yields last 2.694%.