Mixed takes re: Sino-U.S. trade war.........>

US TSYS: Mixed takes re: Sino-U.S. trade war matters saw T-Notes off Friday's

peak, but off early Asia lows, last +0-04 at 129-26. Cash Tsys are closed 'til

London hours owing to Japanese hols. An unexp. cancellation of the touted

Chinese o'ffl trip to the U.S. farmlands triggered risk-off flows late Fri,

although NYT sources subsequently played this down, suggesting that the Chinese

side wanted to avoid a media circus, while BBG sources said the move came at the

request of the U.S. TR. The cancellation came after Trump noted that he wouldn't

be interested in a "partial" trade deal & that he doesn't need a deal before the

'20 election. The off'l Chinese & U.S. s'ments pointed to the constructive

nature of the jnr ministerial level talks. Elsewhere, there was news that the

U.S. will temporarily exempt > 400 types of Chinese goods from tariffs.

- Geopols helped to put a base on the space overnight. Friday saw the Pentagon

announce that it will deploy troops to the M. East, at the request of Saudi &

there were WSJ warnings of a follow-up strike from Iran. A -ve session for

Chinese equities, based on Trump's comments, also helped the space off lows.

- Flash PMIs headline today, with Fed's Williams, Daly & Bullard all due up.