T-Notes are benefitting from full blown.....>

US TSYS: T-Notes are benefitting from full blown risk-off flows after U.S. Pres

Trump tweeted the following on Sunday afternoon: "China has been paying Tariffs

to the USA of 25% on $50bn of High Tech, and 10% on $200bn of other goods. These

payments are partially responsible for our great economic results. The 10% will

go up to 25% on Friday. $325bn of additional goods sent to us by China remain

untaxed, but will be shortly, at a rate of 25%. The Tariffs paid to the USA have

had little impact on product cost, mostly borne by China. The Trade Deal with

China continues, but too slowly, as they attempt to renegotiate. No!"

- T-Notes trade 17 ticks higher at writing, with Eurodollar futures running

1.5-8.0 ticks higher through the reds, bull flattening in the process.

- Friday saw the space finish higher, supported by the slightly softer than

expected AHE data (which outweighed a much stronger than exp. NFP headline

print), and slight moderation in the latest ISM non-m'fing survey. Friday's

Fedpseak offered little in the way of surprises.

- Cash Tsy markets remained closed in Asia-Pacific hours, with Japan out on

holiday.