US Treasuries are on the back.......>

US TSYS SUMMARY: US Treasuries are on the back foot, reversing gains overnight

following US/China Tariff dispute headlines.

- The curve is bear steepening, with 2-Yr UST yields up 0.5bps at 2.7822%, 5-Yr

up 1.0bps at 2.898%, and 10-Yr up 1.3bps at 2.999%.

- Indeed, 10-Yrs continue to test the key 3.000% technical level, having risen

from a low of 2.9756% in the Asia trading session.

- Eurodollar futures are trading mixed, with short-dated contracts out to Dec19

up 0.5 ticks, with a few contracts Dec20 and beyond off 0.5 ticks.

- The dollar is off its lows, with the DXY index rising to 94.562 from a low of

94.349 around 0230EST, a half hour before Beijing announced retaliatory tariffs

to the US`s unveiled Monday.

- The only two pieces of data from the US are the Redbook Retail Sales index at

0855EST and the NAHB Home Builder Confidence at 1000EST. Both are for September.