Another cacaphony of trade..........>

US TSYS SUMMARY: Another cacaphony of trade headlines took Tsys and equities for

a ride overnight, with continued focus on China-U.S. talks in D.C. Thursday.

- Tsys earlier gained on reports that the talks may be curtailed, while others

pointing to the potential for concessions on both sides reversing O/N gains.

- Main narrative developing now seems to be for optimism on a 'partial deal'. 

- Latest hed from Fox suggests China delegation could stay thru Fri as

originally planned, depending on how today's talks go.

- After all said and done, little overall chg: Dec 10-Yr futures (TY) up 1/32 at

131-10 (L: 131-07 / H: 131-24).

- Curve mixed: 2-Yr yield is down 0.8bps at 1.4575%, 5-Yr is down 0.3bps at

1.4004%, 10-Yr is up 0.5bps at 1.5888%, and 30-Yr is up 1.5bps at 2.0993%.

- Sep Inflation at 0830ET is the obvious data highlight (also jobless claims).

- A few Fed speakers of note: SF`s Daly appears twice (1230ET and 1530ET), with

Clev`s Mester at 1730ET and Atl`s Bostic at 1830ET.

- Also heads up on Fed Board of Governors open meeting at 1400ET, nothing monpol

related (to vote on some final macro-pru rules for large banks).