T-Notes operate at session lows, albeit.....>

US TSYS: T-Notes operate at session lows, albeit within a tight range, with

modest bear flattening apparent in the cash space as Asia-Pacific equities edge

higher, alongside U.S. equity futures. There has been little in the way of

notable headline news. Fed voter & dove Bullard warned against the recent

3-Month/10-Year curve inversion as a sign of impending recession.

- Late NY hours saw Fox Business (a typically pro-Trump news station) reveal

that their sources in Chinese Government have suggested that the Chinese were

"waiting on the Mueller Report to see if it would damage President Trump. Now

that they believe it will not hurt the President they are more serious about a

deal went farther than before in trade talks China Trade." Top level trade talks

continue in Beijing, ahead of next week's return visit in the U.S. Tsy Secretary

Mnuchin has noted that he had a "productive working dinner" in Beijing, on

Thursday.

- Eurodollar trade has seen better selling, with futures 1.5-4.0 ticks lower

through the reds.

- T-Notes last 124.10, U.S. 10-Year cash Tsy yields closed at 2.403%.