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Tsy trading mildly lower at the.....>

US TSYS SUMMARY
US TSYS SUMMARY: Tsy trading mildly lower at the bottom of the range; moderate
volume (TYH 990k); Curves flatter. Light data today had little impact on the
markets. A poor 3Y UST Auction was mostly ignored by tsy, dipping slightly;
-Several headlines came out after US, China negotiators met for the second day
straight summarizing that talks were going well and that they had narrow
differences on trade. The two sides are still not ready to strike a deal as
talks are expected to continue tomorrow.
-Headline out this morning, "*HUAWEI APPEARS TO HAVE TIES TO FRONT COS. IN IRAN,
SYRIA: RTRS-bbg" caused a slip in spoos to fall even further as treasuries pared
losses.
-Sources saying TRUMP WILL NOT INVOKE EMERGENCY POWERS TO BUILD A BORDER WALL
TONIGHT
-Equities higher (emini +21.00, 2571.50); WTI up (WTI +1.11, 49.63), DXY up
(+.272, 95.938); $/Eur -0.0037 at 1.1438, $/Yen -0.04 108.68; Gold (XAU -4.54,
1284.66) -Tsy cash/ylds: 2Y 99-26.75 (2.581%), 5Y 100-7.5 (2.573%), 10Y 103-14.5
(2.721%), 30Y 107-10 (3.001%).

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