June 30, 2022 00:24 GMT
A Touch Firmer
US TSYS
Cash Tsys run 0.5-1.5bp richer across the curve as Asia-Pac participants digest Wednesday’s price action, which included fallout from Fed Chair Powell underlining of the need to get inflation under control, while he also conceded that while achieving a soft landing in such circumstance is possible, it is “quite challenging.” TYU2 has had a look above Wednesday’s peak but is off best levels within a narrow 0-04+ range, last +0-03 at 117-19+, with no real technical resistance observed until the Jun 24 high (118-08). A quick reminder that the previously flagged official PMI readings out of China present the highlight of the Asia-Pac docket.
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