Treasuries are trading a little.....>

US TSYS SUMMARY: Treasuries are trading a little weaker Wednesday, with an eye

on FOMC minutes from the December meeting to be released later.

- The Mar 19 T-Note future is down 4.5/32 at 121-195, having traded in a range

of 121-17 to 121-24.

- Fairly modest cash moves: 2-Yr yield is up 0.2bps at 2.5877%, 5-Yr up 0.5bps

at 2.5845%, 10-Yr up 0.5bps at 2.7332%, and 30-Yr up 0.6bps at 3.0128%.

- Risk appetite improved overnight at conclusion of China/U.S. trade talks.

Global Times reported both sides to release a message on Thursday morning.

- BBG cited White House sources saying 'Trump's willingness to cut a deal with

Beijing is driven in large part by his desire for markets to rally.'

- T-Notes had strengthened in early session as neither President Trump, nor

Democratic leaders, look like backing down on their respective border wall

stances. In his address Tues night, Trump did not declare a state of emergency.

- Low on data but Fed news flow set to pick up, with speakers including Bostic,

Evans, and Rosengren, in addition to Dec meeting minutes out at 1400GMT.