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Activity Slows after Early Richening

US TSYS

Tsy trade has slowed a little after the early, albeit modest, richening that was seemingly facilitated by a combination of a TYZ2 futures block buy (+2.5K) and Asia-Pac participants setting up for Tuesday’s CPI print. There hasn’t been much in the way of news flow to push activity along. That leaves the space a touch richer on the day, off of best levels, with a parallel 2-3bp richening move observed across the cash curve.

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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