Weekend news may be providing some light....>

US TSYS: Weekend news may be providing some light pressure to U.S. Tsy futures

after Xinhua noted that several Chinese firms want to buy U.S. agricultural

products & have applied for exemptions from the tariffs imposed by Beijing.

- However, it is worth flagging that the report also cited Trump's promise to

suspend the imposition of new tariffs on Chinese goods & allow U.S. firms to

sell products to "relevant Chinese companies", in an apparent reference to

telecoms giant Huawei, per SCMP, once again flagging the conditionality inherent

at this stage of the trade talks, which is limiting any real follow through in

markets.

- Senior U.S. administration officials, namely econ advisor Kudlow & Tsy Sec

Mnuchin, are set to meet with U.S. tech firms today. Several source reports have

indicated that the administration wishes to discuss a resumption of sales to

blacklisted Chinese telecoms giant Huawei.

- T-Notes last -0-04+ at 127-12+.

- Eurodollar futures trade 1.5-2.5 ticks lower through the reds on light

volumes.