Little to talk about on the back of one.....>

US TSYS: Little to talk about on the back of one of the quietest regional

Asia-Pac sessions in news flow terms for some time. Bonds held lower on the back

of Thursday's trade war related stories, but questions surrounding the knock-on

effects of U.S. legislation re: Hong Kong, coupled with a continued feeling of

unease, limited the downtick in Tsys, even with the majority of the regional

equity benchmarks & U.S. equity index futures edging higher.

- Nothing of real note for Tsys outside of one small pocket of selling in TYZ9,

roll activity & the usual warnings from China after U.S. Navy warships sailed

near Chinese-claimed islands in the South China Sea in recent days. Markets

looked through the latest comments from Chinese President Xi as he noted that

China wants to work out a phase 1 trade agreement with the U.S. but it isn't

afraid to retaliate when necessary.

- T-Notes -0-01 at 129-14+, yields virtually unchanged across the curve.

- Eurodollar futures sit unchanged to 0.5 tick lower through the reds.

- Global PMI data will be scrutinised on Friday, with Kansas City Fed m'fing &

final UoM sentiment data also due.