T-Notes +0-01 at 139-21, after touching.....>

US TSYS: T-Notes +0-01 at 139-21, after touching resistance at 139-22+, which

represents the Jul 10/23 highs & 0.618 proj. of the Jun 5-11 rally from the Jun

16 low. General liquidity was limited in Asia, owing to the Japanese holiday,

with cash Tsy markets closed until the London open.

- China moved to shutter the U.S. consulate in Chengdu, as opposed to the worst

case scenario, which would have been the closure of the U.S. consulate in Hong

Kong. Elsewhere, local fiscal matters continue to catch attention, with the GOP

set to outline its latest round of proposed COVID-19 relief measures on Monday.

- The Fed broadened access to its CPFF, TALF and SMCCF facilities late Thursday.

- Elsewhere, Wall St. struggled on Thursday with a focus on anti-trust probes

against the tech giants, and various headwinds for Apple (surrounding both

regulatory and product matters), coupled with soft U.S. economic data and

Sino-U.S. worry, which allowed the curve to bull flatten on the day. Elsewhere,

former NY Fed President Dudley suggested that the Fed could move to extend the

duration of its Treasury holdings, adding further fuel to the fire.

- Flash PMI and new home sales data is due Friday.