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A Little Firmer


A bid in U.S. Tsys and the local reaction to U.S. CPI data has seen some support creep into the ACGB space, leaving the major cash benchmarks 6bp richer to 0.5bp cheaper, with 30s the only point of note that is softer on the session, as the early twist steepening impulse lingers. YMH3 is +6.4, while XMH3 is +3.9. EFPs are little changed on the day, unwinding an early, modest, round of widening. Local headline flow remains sedate at best.

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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