OIL PRODUCTS: Sonatrach Augusta Refinery Restart Extends into May: Argus

• Treasury futures climbing off lows after WH confirms 104% added tariff on China went into effect at noon, WH press sec Leavitt adds additional tariff to be collected starting tomorrow.
• Buyer 15,000 TUM5 up to 103-30.5 last few minutes, while contract trades 103-29.5 last (-.62), TYM5 -4 at 111-30, 10Y yield slips to 4.1624%.
• Still bid, stocks pare gains with SPX eminis falling to 5127.5 vs. 5305.25 high recently trades, 5147.0 last. Bbg US$ index -2.49 at 1269.07.

Tuesday's Europe rates/bond options flow included:

• DUK5 106.70/106.50ps, bought for 1.5 in ~11.9k
• OEK5 118/117 put spread, bought for 19.5 in 4.5k
• RXK5 130.50/134.00cs sold at 74.5 in 3k
• ERK5 97.6875/97.8125ps, bought for 1.75 in 2k
• ERU5 99.25/95.62/100.00c fly, sold at 0.25 in 15k
• SFIK5 96.30/96.40cs, bought for 0.75 in 8k

• "WHITE HOUSE PRESS SECRETARY SAYS 104% TARIFFS WENT INTO EFFECT ON CHINA; ADDITIONAL TARIFF WILL BE COLLECTED STARTING APRIL 9 -FOX BUSINESS REPORTER" - RTRS
• It helps ESA continues to reverse gains (having now dropped 150 points from session highs, +1.1% on the day) and USDCNH at 7.3965 back close to session highs of 7.3981.