Tsy futures stuck to a tight range..........>

US TSYS: Tsy futures stuck to a tight range overnight, with an uptick in U.S.

equity futures 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, while Trump cancelled 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. China marked its

2017 GDP growth 0.1% lower, ahead of its 2018 print Monday.

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

patient approach to MonPol adjustments is fully warranted in light of the

uncertainties about the state of the econ, about what level of policy rates is

consistent with a neutral stance & about the overall impact of BS normalization.

This patience is one of the characteristics of what I mean by data dependence...

Is the rundown in the size of the Fed's BS causing an unanticipated &

unwarranted tightening of MonPol conditions? I think the answer is no."

- The Eurodollar strip trades +0.5 to -1.0 tick across the whites and reds.

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