Tsys are edging higher in the.......>

US TSYS SUMMARY: Tsys are edging higher in the return from the long weekend.

- China Foreign Min spokesman endorsing US comments on "phase one" of Sino-US

deal was slightly risk-on.

- But risk appetite soured on BBG "Catch-22" story saying China unlikely to hit

$50bln agri buy target unless it removes its tariffs, which it will only do if

the U.S. removes its tariffs (which may depend partly on more China agri buys).

- Dec 10-Yr futures (TY) up 9.5/32 at 130-16.5 (L: 130-05 / H: 130-16.5). In

cash trade's return: 2-Yr yield down 5.3bps at 1.5385%, 5-Yr down 5.3bps at

1.5016%, 10-Yr down 5.2bps at 1.6768%, 30-Yr down 4.3bps at 2.1509%.

- FedSpeak returns in earnest. Bullard was up at 0425ET (in London), emphasising

downside risks to U.S. growth but also noting that Fed policy had become much

more accommodative than it was at the start of the year, and decisions will be

made meeting-by-meeting. 

- Atlanta's Bostic at 0900ET, KC's George at 1245ET, and SF's Daly at 1530ET.

- The Empire Manufacturing index is the data `highlight`, but was inadvertently

released by NY Fed Monday: Oct came in at 4, vs 2 in Sep (exp. 0).