It was an eventful night for........>

US TSYS SUMMARY: It was an eventful night for USTs. In the US afternoon on

Thursday, Trump's tariff plans unleashed a risk-off move in markets. USTs

benefited but late Asian trade saw UST selling with the JGB futures tanking to

session lows as the BoJ chief noted that the Bank will consider its current

extra loose mon-pol stance in FY19. He also noted that the BoJ could move before

2% inflation is hit and also that 2% inflation doesn't necessarily mean the BoJ

will automatically adjust policy.

- In Europe, EGBs have been better bid and some of this has spilled over to the

Treasury market. So that the 2.83% 10Y yield high after the Kuroda comments has

been brought back to 2.81%.

- Despite being the first Friday of the month, there is no payroll report and

only University of Michigan consumer sentiment is scheduled for release.

- The widening 3m OIS-Libor spread appears to have taken a breather.

- US equity markets look as though they will open weaker with S&P mini futures

pointing to a 0.3% dip, adding to Thursday's 1.3% drop.