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A Touch Richer


Cash Tsys run little changed to slightly richer vs. closing levels, given the impetus from the aforementioned Pentagon worry re: the potential for Russian nuclear provocation if the conflict with Ukraine drags out. The major benchmarks sit flat to 1bp richer on the day, with light bull flattening in play, after backing off from best levels. TYM2 is +0-09 at 124-19+, after printing as high as 124-22. E-minis run 0.4-0.6% lower vs. settlement. Major headline flow has been lacking since the re-open.

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

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