T-Notes last -0-04+ at 129-28, with cash....>

US TSYS: T-Notes last -0-04+ at 129-28, with cash Tsys closed until London hours

owing to a Japanese holiday, which limited flow/volume overnight.

- Core global FI edged lower in Asia hours, with spill over from Friday's NFP

report & the rally in U.S. equities evident. The move was also aided by U.S.

Comm Sec Ross' positive musings re: trade matters surrounding China, the EU &

Japan, which came on the back of positive rhetoric out of China on Friday. Worth

flagging that communique from the U.S. TR & trade advisor Navarro re: China

sounded a little more guarded. Elsewhere, Chinese state media noted that

"China's core concerns in the ongoing trade conflicts with the U.S. remain

unchanged." All in all, this suggests that a wide-reaching, final Sino-U.S.

trade deal remains some way off, in my opinion.

- Eurodollar futures sit 0.5-2.5 ticks lower through the reds.

- Today's local docket looks fairly limited with final durable goods & factory

orders data due, while Fed's Daly is set to speak late in the day.