T-Notes move towards Friday's post-NFP......>

US TSYS: T-Notes move towards Friday's post-NFP spike high in early trade, but

last trade -0-01 at 131-28, with early support vs. closing levels coming on the

back of the latest BBG sources report which has suggested that "Chinese off'ls

are signalling they're increasingly reluctant to agree to a broad trade deal

pursued by Trump," which has weighed on risk at the start of the week.

Elsewhere, the impeachment enquiry continues to bubble, with the weekend seeing

Mark Zaid, the attorney representing the whistleblower, revealing that he is now

representing a second whistleblower in Trump-Ukraine matters.

- Bull flattening was the order of the day on Friday, with T-Notes edging away

from settlement levels into Friday's close. Friday's headline NFP print wasn't

as bad as many feared post-ISM surveys, as the unemployment rate moved lower,

with many attributing the softer than expected wage data to "compositional

effects." On the flow side, large TU/TY & TU/FV flatteners helped shape curve

dynamics.

- Hawkish Fed dissenter George is due up in ~15 minutes and will be followed by

dovish non-voter Kashkari on Monday.