A very tight re-open for T-Notes after......>

US TSYS: A very tight re-open for T-Notes after the contract pushed lower on

Thursday, with the belly of the curve underperforming.

- Confirmation of the October Sino-U.S. ministerial level trade meeting in

Washington and lower level talks that will take place during September shunted

the space lower in Asia hours on Thursday.

- Stronger than expected headline U.S. data in the form of the ADP employment

print and non-m'fing ISM (although the survey's employment component pointed to

slower growth in hiring) then added further pressure.

- Corporate issuance remains in vogue as firms scamper to take advantage of the

low yield environment after the summer hiatus.

- NFP's and an address from Fed Chair Powell provide the headline risk events in

NY hours.