T-Notes operate at/near session lows at.....>

US TSYS: T-Notes operate at/near session lows at writing.

- It would seem as if the strong start to the week for Chinese equities has

allowed markets to regain some composure after the early risk off flows on the

back of an Axios report, which noted that "President Trump has no intention of

easing his tariffs on China, according to three sources with knowledge of his

private conversations. Instead, these sources say he wants Chinese leaders to

feel more pain from his tariffs - which he believes need more time to fully kick

in."

- Yields are virtually unchanged across the curve.

- Eurodollar volume has once again been led by EDZ8, with the strip dealing

unchanged to a tick higher last.

- Friday's GDP release headlines the U.S. docket this week, with a plethora of

Fedspeak due & one eye on issuance, headlined by 2-, 5- & 7-Year supply.

- T-Notes last 117.31, U.S. 10-Year yields last 3.192%.