Headlines re: Sino-U.S. trade, North........>

US TSYS: Headlines re: Sino-U.S. trade, North Korea, U.S. impeachment &

Turkey/Syria all helped to support safe havens, although Chinese & HK holidays

ltd liquidity. T-Notes looked at Friday's high, but never managed to convince

bulls, softening to -0-03+ at 131-25+. Light bull steepening on the curve.

- Dissenting Fed hawk George offered little new on the MonPol front, stressing

that the U.S. econ is in a good place, while tipping her hat to various,

well-discussed risks. Elsewhere, Fed's Rosengren told MNI that he "sees a

standing repo facility among options to address squeezes in repo markets." He

also noted that another way of providing liquidity would be purchases of

short-maturity gov't debt, which would be "a technical adjustment reflecting the

fact that reserves have become a little bit too tight." Rosengren noted that

"the goal (of such moves) would not necessarily be to change the financial

conditions, but actually just to reflect the tightness in the reserve market."

As a reminder, Friday saw the NY Fed extend its overnight repo facility into

Nov, with various term ops (6 to 15 days) also scheduled over that horizon.

- Fed's Kashkari is due today, with brief remarks from Chair Powell also slated.