T-Notes trade unchanged at 129-17+ at.......>

US TSYS: T-Notes trade unchanged at 129-17+ at writing. This comes after the

contract hugged a tight range on Wednesday, consolidating Tuesday's gains, with

the curve finishing a touch flatter, reversing the early, modest weakness that

was seen in the space.

- Focus continues to fall on the Coronavirus, with a handful of extra deaths

declared as case numbers edge higher, including the first such instance

diagnosed in Hong Kong. Also worth noting that the city of Wuhan (Where the

outbreak originated) has seemingly been put into a state of at least

semi-quarantine. The WHO noted that Thursday will bring about its decision re:

whether to declare a global emergency over the outbreak of the virus.

- The wave of $-issuance continued Wednesday, with decent hedging flows observed

as a result.

- More communique came from the Trump admin in Davos, but there was little to

shock.