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T-Notes operated within a tight range.......>

US TSYS
US TSYS: T-Notes operated within a tight range overnight and last trade +0-00+
at 126-30+, while cash Tsy yields are marginally mixed across the curve.
Overnight activity was limited by holidays in China & Hong Kong.
- Focus remained on U.S.-Mexico trade talks, with both sides noting progress,
but not enough to reach an agreement. At the moment, U.S. tariffs on Mexican
goods are set to take effect on Monday, but negotiations will continue later
today. Comments from PBoC Gov Yi had no tangible impact on the space.
- Fed's Daly offered little new in her latest address from Singapore, while
Trump continued to lament Fed policy.
- The latest labour market report headlines today's local docket, with
economists and participants trying to gauge the most likely result on the back
of a soft headline ADP figure this week vs. jobless claims and soft survey
employment indicators that tell a different story.
- Eurodollar futures are unch.-1.5 ticks lower through the reds.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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