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

US TSYS: T-Notes have stuck to a tight range in early Asia-Pacific trade, with

little reaction to the latest round of comments from Fed's Mester, as the

previously hawkish non-voter followed up on her more balanced/cautious addresses

made in early Jan, once again citing tighter financial conditions & sentiment as

downside risks. Although Mester ultimately noted that if the economy performs as

she expects, the fed funds rate may need to move "a bit" higher.

- Little in the way of notable flow has been observed in the space, with yields

marginally lower across the curve.

- The Eurodollar strip trades unchanged to 0.5 tick higher.

- T-Notes last 121-24, U.S. 10-Year cash Tsy yields last 2.715%.