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Antipodean Events Fail To Generate Much Reaction

US TSYS

TYU2 continues to stick to a narrow 0-05 range, dealing either side of late NY levels thus far, last +0-00+ at 119-13, with Antipodean influences (namely the previously covered Australian wage data and RBNZ moentary policy decision) exerting modest influence on price action over the last our or so. Cash Tsys run flat to 1bp cheaper on the day at present, with 7s providing the weakest point of the curve in very limited dealing.

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TYU2 continues to stick to a narrow 0-05 range, dealing either side of late NY levels thus far, last +0-00+ at 119-13, with Antipodean influences (namely the previously covered Australian wage data and RBNZ moentary policy decision) exerting modest influence on price action over the last our or so. Cash Tsys run flat to 1bp cheaper on the day at present, with 7s providing the weakest point of the curve in very limited dealing.