The yuan weakness stemming from the.........>

US TSYS: The yuan weakness stemming from the softer PBOC fix & USD/CNH breaching

RMB6.7000 led to broader risk off flows & USD strength against all of the majors

ex. JPY.

- T-Notes continue to operate within a narrow range but extended to a fresh

session high on the move, supported by a pullback in equities, although T-Notes

now operate around neutral levels with equities edging away from lows.

- As a reminder the space will be subject to altered trading hours over the next

couple of sessions owing to the Independence Day holiday (noon pit close on

Tuesday, followed by a full closure on Wednesday).

- The white and red Eurodollar contracts trade 0.5 to 2.0 ticks higher, with the

remainder of the strip largely unchanged.

- T-Notes last at 120.03, US 10-Year Tsy yields last at 2.864%.

- Focus is on the FOMC June meeting minutes, NFP & China tariff deadline later

in the week.