T-Notes were operating around..........>

US TSY/RECAP: T-Notes were operating around unchanged levels at the close on

Thursday, with the cash curve sitting a little flatter on the day.

- The complex pared modest losses on the back of comments from Fed Chair Powell,

who offered little in the way of fresh insight into MonPol ahead of tomorrow's

release of the semi-annual MonPol report

- Tsys had little reaction to modest miss in m/m U.S. CPI, while Fed non-voter

Harker offered little new.

- Non-voter Kashkari is due in Asia-Pacific hours, with focus on the release of

Powell's text on Friday.

- T-Notes last at 120.06+, U.S. 10-Year Tsy yields closed at 2.845%.