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A Touch Richer

US TSYS

Cash Tsys are ~0.5-1.5bp richer, with modest bull flattening observed shortly after the re-open. It may be the case that the region is a little tentative re: the Russia-Ukraine situation, but it may be as simple as some regional dip-related demand/short covering in play, with U.S. 10s failing to sustainably break above 2.00% in yield terms once again on Monday. TYH2 +0-04 at 126-03+.

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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