Free Trial

A Touch Cheaper

US TSYS

Early Asia-Pac trade has seen the major crude oil futures tick further away from their respective Tuesday troughs, seemingly aided by news that a Russian court has ordered the Caspian Pipeline Consortium to halt Black Sea oil loadings for 30 days (owing to violations of a spill-prevention plan). This has applied very modest pressure to Tsys, with TYU2 last dealing -0-07 at 119-22+, just off the base of the contract’s early 0-06+ range. Cash Tsys run 2-3bp cheaper across the curve, with the belly leading the way lower, as the aforementioned uptick in oil futures and Tuesday’s recovery in U.S. equities helps the space to cheapen away from Tuesday’s richest levels.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.