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Asia-Pac hours saw Tsys pressured by........>

US TSYS
US TSYS: Asia-Pac hours saw Tsys pressured by comments from Chinese officials on
the back of the latest round of Sino-U.S. trade talks. Chinese Pres. Xi noted
"substantial progress" in the talks & called for an early conclusion of a
bilateral deal. Subsequent remarks came from Chinese VP Liu, who noted that "a
new consensus (with Washington) has been reached." The latest round of talks
resulted in no firm Trump-Xi summit date, although the U.S. Pres. stuck to his
upbeat/aggressive stance on the matter.
- The move lower in Asian hours saw T-Notes breach their weekly lows, with
activity limited outside of that particular burst of selling. N.B. China & Hong
Kong observed a market holiday.
- Yields trade 1.0-1.7 bp higher across the curve, with T-Notes off of lows.
- Eurodollar futures trade unch.-2.0 ticks lower through the reds. A market
source highlighted activity in the 0EN9 97.750/97.500 put spread, with ~10.5K
given at 0.105 all day.
- U.S. NFPs headline Friday's docket, Fed's Bostic will speak late in the day.
- T-Notes last 123.12, U.S. 10-Year cash Tsy yields last 2.529%.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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