A positive start for Chinese equities.......>

US TSYS: A positive start for Chinese equities applied pressure to T-Notes,

after a degree of risk aversion was evident in early trade. That being said, the

contract continues to operate in a tight range. Chinese sentiment was buoyed by

constructive trade-related remarks from PBoC Governor Yi over the weekend. This

outweighed slowing money supply/credit, which the PBoC attributed to seasonal

factors, as well as disappointing Chinese inflation data. The Chinese equity

space consequently supported risk appetite for the remainder of the Asia-Pacific

session. Matters surrounding the Boeing plane crash in Ethiopia will be worth

watching, after China called for its airlines to suspend use of the model in

question, triggering underperformance in DJIA futures. Yields are a touch higher

across the curve. Relatively ltd flow wise, the stand out being: TYK9 120.00

puts paper paid 0-03 on 10.0K.

- Eurodollar futures trade unchanged to 2.0 ticks lower through the reds.

- Focus today turns to U.S. retail sales data, with Fed Chair Powell set to

speak in the NY-Asia crossover.

- T-Notes last 122.20+, U.S. 10-Year cash Tsy yields last 2.639%.