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10s Hold Above 200-DMA, Narrow Ranges Intact Ahead Of Event Risk

US TSYS

Tsys stick to narrow ranges, with a recovery from lows in EGBs providing modest spill over support after the London open.

  • TYM4 -0-01+ at 110-28+, on average volume of ~214K.
  • Mar 4 low (110-21) provides next support.
  • Cash yields are 0.5bp lower to 1.5bp higher, curve twist steepens.
  • 10s hold above the 200-DMA
  • Late Asia-Pac flow saw 10K of the FVJ4 106.75 puts lifted.
  • Retail sales, PPI & weekly jobless claims data headline the U.S. calendar.
  • Familiar levels intact in FOMC-dated pricing, ~19bp of cuts through June, ~80bp of cuts by year end.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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