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Activity Limited In Asia As NFP In View

US TSYS

TYH4 deals at 110-29, -0-08, a 0-06+ range has been observed on volume of ~70k.

  • Cash tsys sit ~1bp cheaper across the major benchmarks.
  • Activity has been limited in Asia with narrow ranges observed, the proximity to this evening's NFP print may be limiting activity.
  • Tsys were marginally pressured in early trade as a downtick in JGBs spilled over to the wider space. However the move didn't follow through and Tsys remained well within recent ranges.
  • Looking ahead, the aforementioned NFP print headlines today's docket, the MNI preview is here. Also due to cross is UofMich Consumer Sentiment.

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