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Bull Steepening

US TSYS

The front end of the curve leads the bid as Asia reacts to the previously outlined North Korean missile launch and Monday’s richening, leaving the major cash Tsy benchmarks 2-4bp richer across the curve, bull steepening. TYZ2 deals at best levels, +0-11 at 113-17+.

  • There hasn’t been much in the way of notable headline/market flow observed since the news of the North Korean missile launch and flight path crossed, although TYZ2 volume is robust, already breaching 50K lots, even with China & Hong Kong on holiday.
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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