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Paring Losses

US TSY FUTURES
Tsys still weaker - but paring losses last five minutes, through top end overnight range. Yield curves reverse course to flatter (2s10s -1.360 at -53.741).
No data, markets digesting headlines from China Pres Xi meeting w/ US Pres Biden - nothing untoward or unexpected so far:
  • CHINA'S XI: TAIWAN QUESTION THE FIRST RED LINE THAT MUST NOT BE CROSSED IN CHINA-U.S. RELATIONS - STATE MEDIA
  • CHINA'S XI: THE TAIWAN QUESTION IS AT THE VERY CORE OF CHINA'S CORE INTERESTS - STATE MEDIA

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