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US TSY/RECAP: Tsys eased as political concerns waned a little, with news of the
potential for a tariff "carve-out" for Canada & Mexico allowing yields to move
- Initial risk-off carry over was seen after Cohn's resignation, Tsys pared
their gains after better than exp. ADP employment, while Jan's figure was
- Trade was choppy & two-way, as Tsys benefitted from a sell off in crude oil &
equities, before the carve out headlines saw the space move to lows.
- T-Notes last 120.00+, 10-Year yield 2.883% last.