Little to really stand out on the...........>

US TSYS: Little to really stand out on the headline front in Asia, further

positive talk re: the development of various COVID-19 vaccines noted over the

weekend and early Monday, but little to move the needle re: the time horizon of

a deployment across the broader public space.

- Early focus fell on the deepening protests/looting situation in the U.S.,

which weighed on risk appetite at the start of the session, before regional cash

equity markets reacted to U.S. President Trump's failure to deliver hard-line

measures against China and Hong Kong, rallying as e-minis recovered from lows,

with the latter sitting around neutral levels into European hours.

- This pushed T-Notes from best levels to worst levels, although the contract

has stuck to an 0-08+ range, last printing unchanged at 139-02. Curve has twist

steepened on the day, with 20s and 30s softer into European hours.

- The ISM manufacturing survey headlines the U.S. docket on Monday, with the Fed

now in blackout. However, matters surrounding the protests in the States will

likely steal the headlines.