T-Notes ticked lower overnight as Chinese...>

US TSYS: T-Notes ticked lower overnight as Chinese cash equities & U.S. equity

futures moved higher. T-Notes last down 0-01 at 124-08, off worst levels after

breaching Monday's low, with 10-Year cash Tsy yields at 2.417%. Yields are

marginally mixed across the cross.

- The highlight in terms of option flow came in the form of a 7.0K buyer of the

TYM9 125.00 calls.

- Fed Chair Powell introduced little in the way fresh topics in his latest

address during Asia-Pacific hours. Late Tuesday Fed's Williams noted that that

the Fed has changed its view "on how low unemployment can get without creating

inflation and I think that's a great thing for the U.S. economy."

- Eurodollar futures trade 0.25 tick higher to 1.0 tick lower through the reds.

- Addresses from Fed's Rosengren & Evans headline the docket today.