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A muted Asia-Pac session for FI, as.........>

US TSYS
US TSYS: A muted Asia-Pac session for FI, as participants await the latest U.S.
NFP print after an exhausting week on the geopolitical front. T-Notes -0-04 at
128-24+, in a 0-05 tick range. Yields sit 0.7-1.4bp higher across the curve.
- On the flow side screen selling of the TYH0 130.00 calls was seen, with block
flow also observed; it
looked like a 25.0K buyer of the TYH0 127.50 puts vs. 10.0K selling of the TYG0
127.50 puts & 40.0K selling of the TYG0 127.00 puts.
- Eurodollar futures print 0.5-2.0 ticks lower through the reds.
- Worth recapping that the curve bull flattened on Thursday come the close, with
a strong 30-Year auction helping support a bid in the longer end of the curve in
late trade, and the 5-/30-Year spread pulling back from the 70bp region as a
result. The auction stopped through by 1.7bp, as the cover ratio edged higher
and dealer participation held at below recent average levels.
- The aforementioned labour market report headlines Friday's local docket.
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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