T-Notes bid to start the week, last +0-04...>

US TSYS: T-Notes bid to start the week, last +0-04 at 139-06, with a focus on

simmering Sino-U.S. relations (despite the worst scenarios being averted in

President Trump's Friday press conference) and the deepening of the

protest/looting situation in the U.S. over the weekend.

- Contract up through Friday's highs, albeit a little back from the early peak,

after finishing the final session of May just off the late highs. Range remains

contained.

- 10s led on the curve for the bulk of Friday's session before the bid in 30s

accelerated into the bell, with month-end extensions and the build up to the

Trump presser supporting for most of the day.

- Fed Chair Powell's final address before the blackout period and local data

releases failed to generate any meaningful responses on Friday, given the

backdrop.

- Eurodollar futures sit +0.25 to 1.5 ticks through the reds.

- Local PMI data and the potential for rhetoric from Chinese policymakers eyed

in Asia.