Tsys finished Wednesday's session......>

US TSY/RECAP: Tsys finished Wednesday's session mixed with the short end

outperforming, and the curve steeper as a result.

- The FOMC Minutes came off balanced to dovish revealing a more cautious outlook

on the Funds Rate; Treasuries had little reaction to the release.

- Fedspeak was apparent throughout the session. Bostic stated that "the next

rate move could be up or down", with Rosengren following suit: "Open to rate

hike or a cut". Comments from the usually dovish Evans were a little more

nuanced, although still pointed to a wait and see approach.

- As trade talks wrapped, the U.S. Trade Rep noted that China pledged to buy

more U.S. agriculture & other goods, with a focus on fairness and reciprocity.

- Focus Thursday turns to an address from Fed Chair Powell, with Barkin,

Bullard, Evans, Kashkari & Clarida all set to hit the wires.

- T-Notes last 121.26+, U.S. 10-Year cash Tsy yields closed at 2.710%.