T-Notes on the back foot, last -0-08 at.....>

US TSYS: T-Notes on the back foot, last -0-08 at 130-21+, just above session

lows. Late Friday saw curve steepening pressure accelerate as BBG noted that

"the U.S. Tsy said Friday that it wants to know what investors think about the

gov't potentially issuing 50- or 100-year bonds... The gov't stressed that no

decision has yet been made on ultra-long bonds, explaining that it's looking to

"refresh its understanding of market appetite." (last mentioned by Tsy in '17) 

- The aforementioned RTRS sources story suggesting that the "U.S. Commerce Dep't

is expected to extend a reprieve given to Huawei that permits the Chinese co. to

buy supplies from U.S. cos so that it can service existing customers" is likely

aiding risk appetite at the start of the week. This is in spite of comments from

U.S. Pres. Trump, with a Wash Post reporter tweeting "Trump says he's going to

make a decision tomorrow on Huawei. He pushes back against reports that his

administration is expected to give the Chinese company another temporary

reprieve. "At this moment, it looks much more like we're not going to do

business." As mentioned elsewhere, there has prev. been a distinction between

the admin (gov't) dealing with Huawei & corporates dealing with the Chinese co.