Tsys finished higher on Wednesday,.....>

US TSY/RECAP: Tsys finished higher on Wednesday, but well shy of best levels.

The space extended through the Asia-Pacific/EU highs on the back of a tweet from

US President Trump threatening to launch missiles at Syria, although he adopted

a more conciliatory tone re: Russia in later tweets.

- Flow was then two-way heading into the release of March's FOMC meeting

minutes, which showed that "almost all" wanted to raise rates at the meeting,

with a couple pointing to the benefits of waiting for a rise in inflation. Wage

gains were deemed moderate, while the risk of a trade war was noted by "many"

participants. While the release offered little in the way of surprises, the

minutes did signal a greater degree of confidence in the rate path amid firming

inflation, with no Fed officials seeing the risk to their inflation forecasts

tilted to the downside. The space failed to make fresh session lows as

geopolitics underpinned. Fedspeak dominates the docket for the remainder of the

week, with non-voters Kashkari, Rosengren, Bullard & Kaplan due in the next 48

hours.

- T-Notes last at 120.28+, US 10-Year yield last at 2.781%.