Another tight 0-06+ range for T-Notes in....>

US TSYS: Another tight 0-06+ range for T-Notes in Asia, with a light early bid

noted and little reaction to broader news flow/market moves during Asia hours.

Contract last +0-04 at 138-21+. Yields sit 0.2-1.1bp richer across the curve,

with longer dated paper unwinding its early, light underperformance, to sit

level with the belly in terms of intraday movement. Surprisingly strong Chinese

export data countered a softer than expected Caixin Services PMI print, allowing

the contract to move away from best levels of the day.

- Continued focus/chatter focused on yesterday's Treasury refunding

announcement, which triggered curve steepening in NY hours, adding to the recent

momentum, interesting that the initial round of cash trade in Asia (the first

such round of trading since Friday after Japan returned from holiday) saw light

bull flattening.

- Eurodollar futures unchanged to +0.5 though the reds.

- Labour market data to garner the local attention today, with weekly jobless

claimant data and challenger job cuts due up. Elsewhere, Fed's Bostic, Kashkari

and Harker are slated to speak.