T-Note futures consolidated.........>

US TSYS SUMMARY: T-Note futures consolidated around Monday's low in Asia-Pacific

dealing after Chinese President Xi delivered a very measured message stressing

that China wants to promote global multilateral free trade, while any criticism

of the US was very modest & indirect. 10-Year bonds led the decline, with 2s

lagging the move lower.

- The space stuck to a tight range early on, supported by the risk off flow that

was evident in late US dealing after reports hit revealing that the FBI has

raided the office of Pres. Trump's long-time lawyer Cohen.

- The Eurodollar strip has also moved lower, with the white & red contracts

unch.-2.5 ticks lower, albeit 0.5-1.00 tick off of worst levels.

- T-Notes last at 120.24, yield: 2Y 2.291%, 3Y 2.433%, 5Y 2.620%, 7Y 2.739%, 10Y

2.805%, 30Y 3.032%.

- Risks events on Tuesday include US PPI, comments from ECB's Nowotny & Visco,

BoE's Haldane & Fed's Bostic & Kaplan. Incoming Tsy supply includes today's

1-Month bill & 3-Year note auctions, as well as a 10-Year Note & 30-Year Bond

auction due later this week.