A limited Asia-Pacific session for the......>

US TSYS: A limited Asia-Pacific session for the core global FI space when

compared to the recent offerings, with a stronger than exp. CNY fix & an uptick

in Chinese ind. profits providing the highlights. T-Notes in a tight range, last

+0-06 at 130-31, with flow centred on the rolls. Yields 1.0-1.2bp lower across

the curve. The space was clearly subject to some fatigue in the wake of

yesterday's merry-go-round. 

- Some focus fell on an editorial in China's People's Daily. The piece noted

that the U.S. shouldn't misjudge China's ability and determination to firmly

retaliate if America follows through with higher tariffs.

- It is worth highlighting that a WSJ China trade reporter tweeted the following

overnight: "Neither Vice Premier Liu nor Vice President Wang made the kind of

phone calls as indicated by POTUS. There have been recurring exchanges between

the negotiating teams on both sides. Someone is feeling pressured to dial back."

- Eurodollar futures deal 1.0-2.5 ticks higher.

- Consumer confidence and 2-Year supply provide the points of interest on the

U.S. docket today.