A muted start for Tsy futures. The..........>

US TSYS: A muted start for Tsy futures. The weekend saw the U.S. Commerce

Department note that it may issue a temporary reprieve for some trade

restrictions placed on Huawei in the recent blacklisting. However, since then

Google has suspended business with Huawei that requires the transfer of hardware

& software products except those covered by open source licenses. The weekend

also saw China's For Min Wang urge the U.S. not to go too far in its damaging

moves against Chinese interests as he spoke with U.S. Sec of State Pompeo.

- T-Notes pulled back from highs on Friday, after the UoM confidence data came

in on the firmer side, with additional weakness noted as the U.S. kicked back

its decision re: auto tariffs and revoked tariffs on Canadian & Mexican steel &

aluminium. A light bid came back in as CNBC sources suggested that "negotiations

between the U.S. & China appear to have stalled as both sides dig in after

disagreements earlier this month. Scheduling for the next round of negotiations

is "in flux" because it is unclear what the two sides would negotiate."

- Weekend Fed rhetoric from Kaplan & Harker sounded a little more guarded.

- T-Notes last 124.16, U.S. 10-Year cash Tsy yields closed at 2.391%.