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A Touch Richer

US TSYS

Light richening observed in early cash Tsy trade, with the major benchmarks across the curve running 1-2bp richer, given the aforementioned downtick in e-minis. TYM2 trades as high as 119-20, and is last +0-03+ at 119-17+, with e-minis a little above worst levels after the S&P 500 contract failed to get much traction when it came to a sustained move below 3,900.

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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