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Back From Cheaps, No Notable Reaction To Debate

US TSYS

T-Notes have been happy to hold to a very narrow range in Asia-Pac hours, with a deluge of regional holidays set to get/already underway. Contract last -0-01+ at 139-23+. In line to stronger than expected Chinese PMI data and a Trump-Biden debate in which we learnt little new (with the Biden betting market advantage widening at the margins) failed to generate any meaningful momentum for the space. Yields are virtually unchanged in the cash Tsy space after some cheapening during the debate, with the traditional e-mini/yield correlation holding true.

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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