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Friday provided a choppy day for.......>

US TSY/RECAP: Friday provided a choppy day for rates after weaker than expected
headline NFPs. The initial program-driven rally across curve the curve in the
wake of the data was short lived.
- Fed's Brainard spoke, noting that a "gradual path" re: hikes is still
warranted over near term while labour mkt indicators are strong, noting "welcome
- Late risk-off buying was noted as equities extended on session lows, which has
spilled over into early Asia-Pacific trade, with matters surrounding the arrest
of the Huawei CFO in Canada dominating over the weekend. China summoned a U.S.
ambassador over the matter, and delivered Canada with an ultimatum re: her
- CPI & retail sales headline the U.S. economic docket this week, with 10- &
30-Year supply also due.
- T-Notes last 120.26+, U.S. 10-Year cash Tsy yields closed at 2.845% on Friday.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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