Treasuries are trading fairly.......>

US TSYS SUMMARY: Treasuries are trading fairly flat early Wednesday.

- The Dec 18 T-Note future is up 1.5/32 at 118-180, having traded in a fairly

narrow range of 118-135 to 118-195.

- The 2-Yr yield is unchanged at 2.8911%, 5-Yr is up 0bps at 2.9841%, 10-Yr is

down 0.4bps at 3.136%, and 30-Yr is down 0.5bps at 3.3542%.

- Eurodollar futures largely unchanged, and where there is movement, contracts

are up 0.5-1.0 ticks.

- BBG source reports noting that the U.S. is set to hold off on auto tariffs for

now aided risk appetite early on.

- Brexit negotiations and Italy sell-off contributing to European equity

volatility, though most early losses have been pared; S&P E-mini reflecting

this, off 0.05% (earlier off 0.6%).

- Dollar faring better, DXY up 0.06% as Euro and GBP have remained under

pressure from political headlines.

- Focus now turns to U.S. CPI, as well as speeches from Fed Chair Powell & Gov.

Quarles.