T-Notes stuck to a 0-01+ range overnight,...>

US TSYS: T-Notes stuck to a 0-01+ range overnight, and last trade -0-00+ at

139-15. Cash Tsys are little changed across the curve. This came against a

backdrop of limited headline flow, as participants zero in on fiscal

developments in DC.

- Messrs Trump, Mnuchin & Pelosi pointed to the potential/hope surrounding

getting a fiscal support deal done, even after Senate majority leader McConnell

played down the prospect of a deal being struck by month end (when the current

unemployment relief measures in the CARES Act expire). Also worth noting a BBG

story pointing to the GOP considering a 70% wage replacement scheme for the

unemployed as part of its latest support bill.

- Elsewhere, there was little to really note in the first of President Trump's

revamped COVID-19 daily briefings, as he suggested that COVID matters are likely

to get worse before they get better. He also urged Americans to wear masks when

they cannot practice social distancing.

- 20-Year supply headlines locally on Wednesday.