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Bid Accelerates

US TSYS

The bid in Tsys has accelerated after TYM2 punched through its Tuesday high, dragging the wider Tsy space with it. The contract last deals +0-09+ at 122-20, just shy of its fresh session peak, operating within a 0-16 range thus far. Cash Tsys run 2-4bp richer across the curve, with the 7- to 10-Year zone leading, given the aforementioned move in TY futures.

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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