Tsys were pressured in the latter......>

US TSY/RECAP: Tsys were pressured in the latter part of Friday's session, on the

back of risk on activity as headlines from the WSJ noted that China & the U.S.

are aiming for trade talks between Xi & Trump in November.

- This will put increased focus on trade talks between the 2 superpowers later

this week, ahead of the scheduled imposition of a 25% U.S. tariff on $16bn worth

of imported Chinese goods later in the week.

- T-Notes posted new session lows on the headlines & operate just above those

levels last, although cash yields still finished Friday's session a shade lower,

albeit off of highs.

- The move left the Eurodollar strip mixed, either side of unchanged.

- Focus this week turns to the minutes from the FOMC's August meeting, the

annual Jackson Hole Symposium & U.S. durable goods data, in addition to the

aforementioned U.S.-China trade matters.

- T-Notes last 120.09, U.S. 10-Year cash Tsy yields closed at 2.860%.