Core global FI saw some demand in Asia......>

US TSYS: Core global FI saw some demand in Asia hours as U.S. off'ls & source

reports drew questions/worry re: what will come after the impending Sino-U.S.

phase 1 trade deal, as well as a seemingly continued hard line stance from the

Trump administration vs. Huawei.

- T-Notes held a 0-04+ tick range, last +0-03 at 129-07+, with yields 0.5-0.9bp

lower across the curve as we head into European hours. Highlight on the Tsy flow

side saw a 10.0K block lift of the TYH0 130.50/131.00 call spread, paying 0-05,

which was covered in futures.

- Eurodollar futures sit 0.5-1.0 tick higher through the reds. There have been

2x 10.0K block sales of EDH0 at 98.260 overnight, as well as 25.0K block lift of

FFG0, paying 98.425.

- PPI, Beige Book & Empire m'fing survey due Weds, with Fedspeak from Harker,

Kaplan & Daly due. Also on the lookout for Wall St. earnings, with issuance set

to pick up after more banks declare quarterly results. Worth remembering that

the phase 1 Sino-U.S. trade deal is set to be signed around 11:30 Eastern time.