Anti-climatic end to the US/China......>

US TSY FLOWS: Anti-climatic end to the US/China trade headline driven week. Well

off late morning highs -- Tsy futures lower after the bell as Pres Trump picks

up tweeting about how constructive trade negotiations were. Trade dropped off

significantly after London close. Yld curves going out mildly steeper. 

- Neither equities OR Tsys liked Fed Bostic's policy prediction comment (1 hike

by yr end). Aside from the Tsy dip post Block sales, rates were back to risk-off

bid. Eminis, however, took out Thu's lows triggering some stops along the way.

Sources reported program CTA accounts triggered on VIX posting gains (marginal,

well off midwk/4 mnth highs), decent Chicago based cta account selling equities.

- General quiet after London went home: Vol getting hit (VIX -3.5) as Tsys pared

gains and equities paring losses (ESM9 +20.0 late) amid position squaring into

weekend. Sources note Global Times chief editor Hu Xijin (GT been in limelight a

lot this week) intimates that negotiations didn't break down, were constructive

on both sides and may continue in Beijing.