Futures trade mildly lower, near....>

US TSYS SUMMARY: Futures trade mildly lower, near low end narrow overnight range

on modest volume (TYU<280k), 10s lead decline. Less risk on than cooling of

risk-off tone, no new revelations on US/China tit-for-tat tariff-fest while EU

slaps E2.8B tariffs on US. Limited data today, but Fed Chair Powell participates

in policy panel w/ECB Draghi and BoA Lowe from Portugal at 0930ET. 

- US$ firmer (DXY +.097, 95.110; US$/Yen -0.03, 110.02); equities firmer (emini

+5.75, 2772.0); gold softer (XAU -0.23, 1274.47); West Texas crude mildly higher

(WTI +0.13, 65.20).

- Asia, steady open, Tsy futures climbed to overnight highs as US$/Yen slipped

to 109.86 in short order, paring directional move over the next hour w/prop and

technical selling in belly heading into the London cross. London, two-way chop

followed early carry-over selling, light curve trade.

- Swaps, mildly tighter spds, light flow includes 3s4s steepener. Eurodollar

futures, steady/mildly lower out strip, 3 Month +0.0017 to 2.3319% (+0.0060/wk).

- Tsy cash/ylds: 2Y 99-28.5 (2.553%), 5Y 99-27.5 (2.779%), 10Y 99-23.5 (2.904%),

30Y 101-23.5 (3.035%)