A super busy, but choppy afternoon......>

EGB SUMMARY: A super busy, but choppy afternoon session. -Price action were

driven as the street awaited a Chinese presser on trade. 

-The latter provided Decent kneejerk moves across assets. Govies rallies,

Equities drop and Chinese Yuan traded back at 7.00 handle. 

-Tariffs will remain as is, with 7 1/2% put on much of the remainder....The

Penalty Tariffs set for December 15th will not be charged because of the fact

that we made the deal. 

-Per Politico... "@morningmoneyben So all of our reporting (and bloomberg of

course etc) was correct. despite all the haterz. As was MM report this AM that

the 15% sept. tariff would be cut in half to 7.5." 

-"The United States will be maintaining 25 percent tariffs on approximately $250

billion of Chinese imports, along with 7.5 percent tariffs on approximately $120

billion of Chinese imports." -EGBs are higher on safer haven flow heading into

the weekend.

- Bund futures are up 0.47 today at 172.22 with BTP futures up 1.00 at 144.20

and OAT futures up 0.60 at 164.47.