T-Notes ticked higher overnight, sitting....>

US TSYS: T-Notes ticked higher overnight, sitting at best levels at writing,

seemingly drawing support from increased Western media coverage pointing to a

potential rebuild of a previously de-commissioned North Korean nuclear test

site, as well as some spill over from the Australian bond space.

- There was also talk surrounding Qatar's 5-/10- & 30-Year USD issuance, with

IPT at Tsys +110bp, +160bp and +200bp respectively. Talk suggests that the total

deal size could be $10bn.

- T-Notes operate just off best levels at writing, with the long end

underperforming in cash trade.

- The options space saw a large block lodged at 01:36:00 GMT, 20:36:00 NY TYK9

120.50 puts 10.0K blocked at 0-11, source suggested it was a buyer. There was

also a steady buyer of TYJ9 120.75 puts into European hours.

- Eurodollar futures trade unchanged to 2.5 ticks higher through the reds.

- U.S. ADP and the release of the Beige book headline on Wednesday, with Fed's

Williams and Mester set to speak.

- T-Notes last 122.01, U.S 10-Year cash Tsy yields last 2.701%.