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Belly Leads Bid Still

US TSYS

Spill over from the light post-data bid in Aussie bonds and cautious rhetoric from the top U.S. diplomat in East Asia re: China’s intentions surrounding Taiwan, alongside an underlining of a want for the U.S. to deepen ties with Taiwan built on the bid surrounding the outlining of U.S. Taiwan trade talks, with TYU2 tagging fresh session highs before easing back from best levels to last trade +0-06 at 118-30+, 0-03 off the peak of its 0-12 range. Cash Tsys sit 2.0-3.5bp richer across the curve, with the belly leading the bid.

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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