T-Notes continue to operate in a limited....>

US TSYS: T-Notes continue to operate in a limited range, even with the latest,

cautious WSJ story re: ongoing issues in the U.S.-China trade talks and ongoing

tensions surrounding the extradition of Huawei CFO Meng from Canada, with China

asking from the U.S. to withdraw its request. The contract trades around session

lows at writing, with pressure on Asia-Pac equities abating into their

respective closes.

- As a reminder, Monday saw strong 2- & 5-Year auctions, which aided the short

end/belly of the curve, further promoting flattening, as dealer takedown

moderated across both sales, and both auctions stopped through.

- Yields trade little changed heading into London hours.

- The Eurodollar strip trades unchanged to 0.5 tick lower through the reds.

- Tuesday brings 7-Year & 2-Year FRN supply, with many U.S. data releases still

delayed owing to the shutdown. Focus will also fall on Apple's latest earnings

release and any rhetoric evident after the main Beijing delegation reached D.C.

ahead of the upcoming trade talks.

- T-Notes last 121.15, U.S. 10-Year cash Tsy yield last 2.744%.