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A Touch Softer As Asia Desks Settle In

US TSYS

Cash Tsys run 1.0-1.5bp cheaper across the curve at typing, with the front end of the curve leading the way lower after the late Powell-inspired uptick on Monday. Regional participants are perhaps looking to fade Monday’s richening in early Asia-Pac dealing. A reminder that the Fed Chair deployed some cautious rhetoric when it came to the Omicron COVID variant. TYH2 has edged away from its late NY highs as a result, last +0-03+ at 130-12+, just off the base of the early 0-05+ range.

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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