T-Notes had moved back from their early.....>

US TSYS: T-Notes had moved back from their early Asia-Pac highs, which were

inspired by a sell-off in U.S. equity index futures after Wall St. closed (on

Alphabet & Amazon earnings), as Asia-Pac shares traded a touch higher early on.

However, USD/CNY & USD/CNH's respective moves above yesterday's highs, aided by

the 1st PBOC USD/CNY fix > CNY6.9500 since Jan '17, weighed on risk appetite,

which put a bid back into Tsys.

- Contract now trades back from best levels as the Nikkei 225 turns green again.

- Fed hawk Mester spoke, stating that the IOER may be subject to tech adj.

moving forwards. RTRS ran subsequent comments from Mester suggesting MonPol is

"still accommodative, and rates need to be raised into neutral territory."

- Elsewhere Fed dove Kashkari spoke via a WSJ Op-Ed, suggesting that the Fed

should "pause interest-rate hikes to help the labour force grow."

- Eurodollar futures volume is running at a healthy enough level.

- Focus Friday turns to U.S. Q3 GDP.

- T-Notes last 118.24+, U.S. 10-Year cash Tsy yields last at 3.106%.