T-Note futures drew a modest bid from a.....>

US TSYS: T-Note futures drew a modest bid from a heavy session for Chinese

stocks, stemming from the latest round of U.S- China trade rhetoric, although

the contract has stuck to a tight range with the cash space closed until the

London open.

- The Eurodollar strip trades virtually unchanged, although it has been a fairly

active start to the week for the strip volume wise (and Tsy futures), in spite

of the limited price action and cash market closure.

- There was some reported demand for U.S. Tsys vs. their Aussie equivalents.

- Flash PMI data, due Friday, provides the highlight of the U.S. docket this

week. As a reminder the Fed has entered the blackout period ahead of next week's

FOMC MonPol decision.

- T-Notes last 119.07+, U.S. 10-Year cash Tsy yields closed at 2.996% on Friday.