Stronger than exp. Chinese GDP data.........>

US TSYS: Stronger than exp. Chinese GDP data weighed overnight, with T-Notes

breaching Tuesday's low, before edging back from worst levels as some traders

questioned the staying power of the stimulus driven "green shoots" in China.

- Soft NZ CPI & pre-China data jitters had supported the space in early trade.

- Elsewhere, the initial round of U.S.-Japan trade talks yielded no deal, with

both sides agreeing to meet again soon, highlighting already known issues.

- Yields trade unch.-0.4bp higher across the curve, with 30-Year yields

threatening to break > 3.0% for the first time since the March FOMC decision.

- Downside block plays drew the focus overnight with 2x 2.5K blocks lodged in

TYM9 121.50 puts, with the first paying 0-08 and the second paying 0-09.

- Eurodollar futures trade unchanged through the reds. The stand out trade

during Asia-Pacific hours was in 0EN9 options, with the 97.75/97.50 put spread

seeing 10.0K given at 0.13, according to a market source.

- Focus today falls on U.S. trade data & the latest Fed Beige Book. Fed's Harker

& Bullard will speak, with NY Fed's Logan set to speak on money market matters.

- T-Notes last 122.26, U.S. 10-Year cash Tsy yields last 2.592%.