Price action remains tight for T-Notes,.....>

US TSYS: Price action remains tight for T-Notes, holding a 0-03+ tick range thus

far, -0-02 at 129-12+ last, with yields little changed, albeit marginally mixed,

across the curve. Tight range holds despite a decent rally in Asia-Pac

equites/positive trade whispers, as well as the political developments in Hong

Kong. China's Global Times recently noted "Contrary to negative media reports,

China and the US are very close to the phase one trade deal, and China remains

committed to continuing talks for a phase two or even a phase three deal with

the US, on equal footing."

- US blocks provided the highlight flow wise. Earlier, 1x3 USF0 156.00/154.00

put spread lifted on block x10.0K, and was followed up quickly by x10.0K lift of

the 1x2 USG0 155.00/153.00 put spread on block. Elsewhere, on screen trade saw

15.0K of the USF0 152.00 puts lifted over 2 clips.

- Eurodollar futures trade -0.5 to +0.5 tick through the reds.

- U.S. political matters remain key, with Michael Bloomberg officially entering

the race to become the Democratic Presidential candidate over the weekend.

- Regional Fed activity indices & 2-Year supply headline the local docket today.