T-Notes now trade back from best levels,....>

US TSYS: T-Notes now trade back from best levels, with oil on the front foot,

while U.S. equity index futures and the Nikkei 225 operate in positive territory

(albeit at the margin). Oil has likely been the driving factor behind the modest

downtick.

- Cash trade has seen some slight twist steepening creep in.

- Eurodollar futures trade 0.5 tick lower to 1.5 ticks higher, with the whites

outperforming. Activity in the space has cooled after heavy EDM9 trade (given

the lack of news flow and data) provided the point of focus in early trade.

- Broader risk flows will likely drive matters in Asia-Pacific hours, with no

major economic data due, and a swathe of markets closed owing to the Easter

holiday.

- T-Notes last 123.03, U.S. 10-Year cash Tsy yields last 2.565%.