Tsys stuck to a tight range overnight,......>

US TSYS: Tsys stuck to a tight range overnight, wedged between an uptick in

equity markets, soft Chinese data & a RTRS source report which suggested that

"President Trump is expected to sign an executive order this week barring U.S.

companies from using telecommunications equipment made by firms posing a

national security risk, paving the way for a ban on doing business with China's

Huawei." This was later confirmed by an admin official. Chinese President Xi

tipped his hat to a more open approach re: trade, as he has done before, but

noted that any efforts to reshape another nation's ideas are "foolish."

- Options flow focused on downside plays with the highlight being 20.0K of the

TYN9 123.50/122.50 put spread bought on block.

- Fed's Daly added little new in her latest address, while Quarles didn't touch

on monetary policy.

- Eurodollar futures trade -0.5 tick lower to 0.5 tick higher through the reds.

- Focus now moves to U.S. retail sales and industrial production data, as well

as addresses from Fed's Quarles & Barkin.

- T-Notes last 124.12+, U.S. 10-Year cash Tsy yields last 2.410%.