Tsys are weaker amid a flood of.....>

US TSYS SUMMARY: Tsys are weaker amid a flood of trade headlines which have been

of a decidedly back-and-forth nature.

- Main ones: China is open to a partial trade deal with the US despite a tech

blacklist (BBG); FT reporting China to propose buying more soybeans (though

corrected from original $10bln increase to say 10 tonne increase); Global Times

editor Hu saying reports China delegation to stay for full agenda despite

reports the D.C. visit would be cut short.

- All this the morning after Fed`s Powell tipped don't-call-it-QE bill

purchases; 3M10Y opened flatter from Tues but has re-steepened, last -14.7bps.

- In the end, equities higher, and Tsys a little weaker. The 2-Yr yield is up

2bps at 1.4395%, 5-Yr is up 2.6bps at 1.3777%, 10-Yr is up 2.9bps at 1.5579%,

and 30-Yr is up 2.7bps at 2.0566%.

- Dec 10-Yr futures (TY) down 5.5/32 at 131-17 (L: 131-14.5 / H: 131-26)

- Powell speaking again today at 1030ET at Fed Listens event in K.C.; Sep FOMC

minutes out at 1400ET.

- Data includes Wholesale inventories at 1000ET.