There are two competing senate......>

US TSYS SUMMARY: There are two competing senate votes today that are unlikely to

resolve the government shutdown. Democrats will block  a GOP bill that includes

funding for the border wall, while a a bill to fund the government excluding the

wall is unlikely to receive sufficient support from Republic senators. 

- US TSYs are trading in a relatively tight range with yields broadly 1-1.5bps

lower on the day. Current yield levels: 2-year 2.577%, 10-year 2.730%, 30-year

3.047%. The curve is marginally flatter with 2s30s trading down to 46.8bps from

48.1bps.

- The Mar-19 UST note future trades at 121-18 near the highs of the day.

- The Euro$ futures strip has flattened slightly with whites up 0.5-1.0 ticks

and greens/blues edging up 3.0-4.0 ticks.

- Next up on the data calendar will be initial jobless claims, the preliminary

Markit PMIs for January and the Kansas City Fed Manufacturing Activity

indicator.