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Treasuries have done little since...>

US TSYS SUMMARY: Treasuries have done little since moving higher in early Europe
trading (had edged lower in Asia-Pac hours), with equities largely treading
water after the late Thursday surge. 
- That was until Rtrs exclusive out that Commerce Dept moving to cut China's
Huawei off from US software/technology pushing Tsys to highest levels of the
session. Jun 10-Yr futures (TY) up 0.5/32 at 139-14 (L: 139-09.5 / H: 139-14.5).
- Lightest volumes of the week so far, ~132k TYs traded as of 0630ET.
- Most attention is on data: Apr retail sales numbers at 0830ET (% M/M headline
expected to set record contraction at -12.0%, with ex-auto/gas -7.6% and control
group -5.0%), though Empire State Manufacturing for May (also 0830ET) may be
closely eyed for fresher signals of economic activity (-60.0 exp, -78.2 prior).
- A bipartisan group of Senators has written to Tsy Secretary Mnuchin and Fed's
Powell (ahead of their appearance before the Senate Banking Cmte next week)
urging the Fed to buy the long-term debt of state and local governments.
- TYs Still eyeing resistance at 139-16/139-22 area.
- NY Fed buying ~$7bln today, all in 2.25-4.5Yr Tsys.

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