T-Notes trade back at virtually unchanged...>

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

index futures modestly lower in the wake of Wednesday's huge stock rally.

- Rates have stuck to a tight range in Asia-Pacific hours.

- Cash yields trade 0.6 to 1.5bp lower on the day at writing, with the curve

sitting a touch 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 unchanged to 2.5 ticks lower on the day, holding near the late lows

seen Wednesday.

- T-Notes last 121.00, U.S. 10-Year cash Tsy yields last at 2.797%.