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5-Part NASDQ Issuance Helps Space To Session Cheaps

US TSYS

Tsys more than unwind the previously alluded to uptick surrounding the weekly jobless claims data, aided by the formal announcement of a 5-part round of $ supply from NASDAQ (2-, 5-, Long 10-, 30- & 40-Year paper), with headwinds for the space more than outweighing any tailwinds from the move lower in crude. TYU3 to fresh session lows as a result, while cash Tsys run 4-6bp cheaper, with the 7-20-Year zone leading the weakness.

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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