Tsy futures operate in a tight range,.......>

US TSYS: Tsy futures operate in a tight range, with an uptick in U.S. equity

futures & Chinese cash equities providing a cap for the space. Little in the way

of notable headline flow, outside of the announcement of a meeting between U.S.

Pres Trump & Tsy Sec Mnuchin Friday, with Trump cancelling the U.S. delegation's

trip to the Davos WEF. The much awaited North Korean delegate has arrived in the

U.S. & is set to meet with U.S. Sec of State Pompeo & maybe Trump.

- In a blog post dated Jan 16, Fed's Bostic wrote that "my view is that a

patient approach to MonPol adjustments in the coming year is fully warranted in

light of the uncertainties about the state of the economy, about what level of

policy rates is consistent with a neutral stance & about the overall impact of

balance-sheet normalization. This patience is one of the characteristics of what

I mean by data dependence." Bostic also stated "is the rundown in the size of

the Fed's balance sheet causing an unanticipated, and unwarranted, tightening

MonPol conditions? I think the answer to that question is no."

- The Eurodollar strip trades unch-1.5 ticks lower across the whites and reds.

- T-Notes last 121.16+, U.S. 10-Year cash Tsy yields last 2.745%.