T-Notes last -0-00+ hovering just off.......>

US TSYS: T-Notes last -0-00+ hovering just off yesterday's lows after closing

virtually at worst levels, as yields cheapened by 2.3-3.3bp across the curve on

Wednesday.

- Uptick in equities/continued winding out of Coronavirus worry applied pressure

to the space Wednesday, with little attention paid to Fed Chair Powell's second

day of testimony on the hill.

- The latest round of 10-Year supply was decent, registering the highest cover

ratio in almost a year as it stopped through by 0.1bp. Dealer participation at

auction eased to sub-recent average levels, as indirect takedown ticked up.

- Block sales in FVH0 futures provided the highlight on the flow side.

- Eurodollar futures sit unchanged to 0.5 tick lower through the reds.