Tsys edged lower overnight after it.........>

US TSYS: Tsys edged lower overnight after it became apparent that the 2 Koreas

will hold a summit on September 18-20, with the 2 nations set to discuss

practical measures for denuclearisation of the Korean peninsula. The reports

also noted that North Korean leader Kim stated that the country's nuclear

testing programme cannot be restarted after the dismantling of the test site.

- Wednesday heralded some modest curve steepening aided by a blocked steepener

in FVZ/WNZ (duration neutral) and outright buying of 13.8K FVZ, decent deal tied

hedging was also noted amid heavy corporate supply, with participants on the

lookout for Cigna's multi tranche deal, which could exceed $20bn in size.

- The Eurodollar strip has traded in a limited fashion overnight.

- ADP employment data is due on Thursday, ahead of Friday's labour market

report, with the PMI/ISM services surveys also on the docket, in addition to

durable goods and factory orders data. Fed's Williams is also due up on

Thursday, with participants also on the lookout for any U.S.-China trade

rhetoric ahead of the upcoming imposition of addition U.S. tariffs on China.

- T-Notes last 119.30, U.S. 10-Year cash Tsy yields last at 2.904%.