Treasuries are on the front foot....>

US TSYS SUMMARY: Treasuries are on the front foot this morning on the back of

the impasse seemingly reached in the US-China trade talks. Overnight headlines

from the People's Daily have suggested China must only accept a deal if it

"balanced". Meanwhile, Trump has tweeted this morning warning China not to

retaliate to the US tariffs.

- Politics will remain the focal point this week. Today, the Fed's Rosengren and

Clarida are both due to appear at a "Fed Listens" event while Kaplan is also due

to speak. Looking further ahead there are a number of other Fed speakers this

week along. On the data front retail sales and IP on Wed, housing starts on

Thurs and Michigan confidence on Friday are among the highlights.

- TY1 futures are up 0-7+ today at 124-07.

- 10y UST yields are down -4.3bp at 2.425%.

- 2y UST yields are down -5.0bp at 2.218%.

- 30y UST yields are down -2.9bp at 2.858%.

- The Eurodollar strip see Whites 0.5-3.5 ticks higher and the rest of the strip

3.5-5 ticks higher.