Tsys stuck to tight ranges overnight,.......>

US TSYS: Tsys stuck to tight ranges overnight, with yields across the curve

0.7-1.1bp lower at writing.

- Trump once again pointed to the 'health' of the U.S. economy, with the space

ignoring the comments and focusing on the incoming data/Fedspeak, as well as the

ongoing U.S.-China trade talks, with Trump set to meet with Chinese trade envoy

Liu later today.

- FT reports suggested that "US & Chinese negotiators are trying to resolve a

long-running dispute between semiconductor rivals Micron Technologies & Fujian

Jinhua as part of a larger trade agreement."

- Eurodollar activity has been extremely limited, with the whites and reds

virtually unchanged for the duration of the session thus far.

- A plethora of Fedspeak is due Friday, with the text of Fed Chair Powell's

semi-annual report to congress set to headline, although most expect the report

to hold little in the way of fresh information. Clarida, Williams, Bostic,

Bullard, Harker & Quarles will all speak today. 

- T-Notes last 121.28+, U.S. 10-Year cash Tsy yields last 2.681%.