US Tsys held lower levels in the.......>

US TSY/RECAP: US Tsys held lower levels in the second half of Friday's session,

but closed off of worst levels amid short cover/profit taking after May's labour

market report, which was solid across the board.

- There was just as much focus on a tweet by US President Trump noting that he

was "looking forward to seeing the employment numbers." This triggered debate

over whether Trump had telegraphed the released.

- Tsys were also moving lower as Italian PM Conte was sworn in.

- Eurodollar futures came under pressure, re-pricing increased rate hike chances

after the June FOMC decision, but like Tsys finished off of the lows.

- It has been a quiet start to trade this week, with little reaction to US

ComSec Ross' trip to China which seems to have yielded little in the way of

progress.

- It is worth noting that the FOMC is now in the "blackout period" ahead of next

week's MonPol decision.

- T-Notes last at 119.25+, US 10-Year Tsy yields closed at 2.902%.