Not much to report for core FI, with...>

BOND SUMMARY: Not much to report for core FI, with markets seemingly a little

side lined ahead of the impending meeting between U.S. President Trump & Chinese

Vice Premier Liu He, scheduled for 14:45 Eastern (19:45 London) on Friday. There

was some light pressure on the space as Trump noted that "China has been very

nice" & that "we're going to see if we can make a deal with China."

- T-Notes -0-04 at 130-18+, struggling to extend beyond Thursday's lows, with

modest twist steepening seen on the curve. Flow wise, there was a 7.0K screen

buyer of the TYX9 131.75 calls, as well as a 10.0K TYX9 131.50 covered call

block buyer, perhaps seeking protection against the risk of a trade talk

breakdown. Eurodollar futures 1.0-1.5 ticks lower thru the reds, with a ~4.2K

seller of the EDU0 straddle seen.

- JGB futures sit 44 ticks lower. Cash trade saw the 5-20 Year sector

underperform, at the margins. Potential that yesterday's solid 30-Year auction

has resulted in hedging flow and pressure on the futures complex today.

- Aussie Bonds also lower, with some pointing to an overnight XMZ9 block trade

as a catalyst. YM -9.0, XM -12.5. Bills 3-10 ticks lower thru the reds.