T-Notes trade at unchanged levels, with.....>

US TSYS: T-Notes trade at unchanged levels, with U.S. equity index futures

trading mixed after starting the session on the back foot following Wednesday's

huge stock rally. Rates have stuck to a tight range in Asia-Pacific hours. Cash

yields trade 0.3 to 2.2bp lower at writing, with the curve sitting flatter.

- Focus on the ongoing gov't shutdown. On Wednesday WH economic advisor Hassett

stressed that Fed Chair Powell & U.S. Tsy Sec Mnuchin's jobs are fully secure,

with the WSJ reporting that Powell "has told White House officials he is open to

their suggestion that he meet directly with Trump, a sit-down that they hope

will defuse Trump's anger over interest rate increases that he blames for

dramatic market swings."

- A very limited session for the Eurodollar strip thus far, with the whites and

reds trading 0.5 tick higher to 2.0 ticks lower.

- Latest 5-Year auction produced a huge 2.3bp tail, with the cover ratio

cratering to 2.09x, 7-Year supply due later today. Weekly jobless claims, cons

confidence & FHFA house price data also due Thurs.

- T-Notes last 121.01, U.S. 10-Year cash Tsy yields last at 2.793%.