T-Notes are light bid at the start of the...>

US TSYS: T-Notes are light bid at the start of the week against a backdrop of

broader risk-off flows, with activity being driven Friday's BBG report that

China has around 1 month to come to a trade deal with the U.S., or it will be

subjected to tariffs on all remaining exports to the U.S. Elsewhere, a series of

weekend tweets from President Trump reaffirmed his hard line stance, as he

stressed the U.S. is right where it wants to be re: China.

- China has named its price for coming to a deal, namely: the U.S. removes all

extra tariffs, sets targets for Chinese purchases of U.S. goods that are in line

with real demand and ensure the text of any trade deal is balanced. Chinese

state media has also blamed the U.S. for the breakdown in trade talks.

- It is also worth highlighting that the U.S. has been invited back to Beijing,

but no date has been set as of yet.

- Eurodollar futures trade unchanged to 2.5 ticks higher through the reds.

- T-Notes last 124.03+, U.S. 10-Year cash Tsy yields closed at 2.467%.