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While the political rift between....>

US TSYS SUMMARY
US TSYS SUMMARY:  While the political rift between Washington and Beijing is
still widening, the escalation in US-Iran relations appears to have been dialled
back slightly after President Trump is reported to have informed his advisors
that he does not want to be drawn into a new war.
- The rally in USTs has lost some momentum following the rally earlier in the
session. Current yield levels: 2-year 2.1796%, 5-year 2.1578%, 10-year 2.3820%,
30-year 2.8238%. The curve trades close to flat on the day.
- TYM9 trades at 124-19+, near the day's high.
- Eurodollar futures have rallied and are broadly 2.0-3.5 ticks higher.
- The data calendar is light today with just the University of Michigan
Sentiment indicator for May.

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