It has been a relatively limited session....>

US TSYS: It has been a relatively limited session for T-Note futures thus far,

ticking higher earlier in the day within a tight range, with U.S. equity index

futures edging lower.

- The space then eased later in the session, likely on the back of reports

surrounding a U.S.-China phone call re: trade (between Mnuchin, Lighthizer &

Liu), although details on the matter remained light. WSJ suggested that "the

three senior officials discussed Chinese purchases of agricultural products and

changes to fundamental Chinese economic policies during the phone call, said

people familiar with the conversation. They didn't provide further details."

Elsewhere RTRS suggested that the call involved pushing the timetable forwards.

Worth noting that the impact has been somewhat limited, with equity index

futures still trading lower.

- Eurodollar activity remains restrained, with the whites and reds trading

virtually unchanged at writing after an early, modest uptick - 3-Year Notes

issuance slated today, with PPI & NFIB small biz. optimism also due.

- T-Notes last 120.20+, U.S. 10-Year cash Tsy yields last at 2.857%.