Tsys continue to pare back..........>

US TSYS SUMMARY: Tsys continue to pare back Tuesday's gains, with futures now

testing Wednesday's lows on higher equities/risk appetite.

- Mar 10-Yr futures (TY) down 0.5/32 at 129-13 (L: 129-12.5 / H: 129-20), with

stocks up (S&P e-mini up 0.4%).

- Some pointed to China Min of Commerce spokesman Gao NOT releasing new info on

'unreliable entity' list as positive for risk appetite; some had suggested this

could be hurried through on the back of the US bill re Xinjiang.

- Curve flat: 2-Yr yield is up 0.8bps at 1.5803%, 5-Yr is up 0.8bps at 1.6081%,

10-Yr is up 1bps at 1.7844%, and 30-Yr is up 0.9bps at 2.2363%.

- As Nonfarm Payrolls week continues, we get Nov Challenger Layoff numbers at

0730ET, and jobless claims at 0830ET. At 1000ET, we get Oct factory orders.

- Of some note, House Speaker Pelosi makes 0900ET statement on impeachment.

- Fed blackout period continues, though VC Quarles returns to Congress to

discuss regulation at 1000ET.