March 20, 2023 03:38 GMT
10 Year Yield Erases Gains
10 Year US Treasury Yield is now back to flat today, the yield had been ~8bps firmer earlier. A fall in regional bank stocks, after Credit Suisse AT1 bondholders are set to be wiped out, has aided the recovery off session lows in tsys.
- Cash tsys sit flat to 6bps cheaper across the major benchmarks
- TYM3 deals at 115-11, -0-15, having printed an early session low at 114-25.