Worry surrounding matters on the Korean.....>

US TSYS: Worry surrounding matters on the Korean peninsula, as well as the

COVID-19 situation in Beijing triggering a deeper state of alert/tightening of

measures for residential compounds in the city, supported core FI during

Asia-Pac hours, with an underlying sense of caution seen, even with broader

markets trading within ltd ranges.

- T-Notes +0-06 at 138-20 ahead of European hours, just off best levels, with

the cash curve bull flattening. Yields print 0.6-3.4bp richer across the curve,

amid some outperformance for 20s, even ahead of today's 20-Year supply.

- T-Note volumes healthy in Asia yet again, with a little over 107K lots trading

as of typing.

- Eurodollar futures print unchanged to +2.0 through the reds.

- The aforementioned 20-Year supply, day 2 of Fed Chair Powell's testimony,

further Fedspeak from Mester, in addition to building permits and housing starts

data are the points of note on the local docket today.