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A Touch Richer On The Day

US TSYS

The light bid in U.S. Tsys has been driven by the front end of the curve, with the belly leading, richening by ~1.5bp on the session, while the longer end of the curve is little changed on the day. The only round of major macro headline flow has centred on the Chinese liquidity situation, which saw the PBoC inject CNY1tn of MLF, matching the amount of MLF that was set to roll off in November. TYZ1 last +0-07+ at 130-24+. The space has looked through the latest round of Chinese economic activity data.

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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