Bonds – Treasury prices benefited from the modest risk-averse flows, pushing the US 10-year yield back below 2.74%.

Headlines: Trump Administration reportedly turned down Chinese offer to send ministers for preparatory trade talks – FT. White House Adviser Kudlow: earlier trade story about cancelled China trade meeting is not true; there was never a planned meeting for junior ministers.

Bureaucrats and economists in China said to be debating whether the PBoC should pursue quantitative easing or directly ‘bankroll’ government spending, notes deepening economic slowdown and issues related to transmission of current monetary policy – HK Press

Comments