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Bull Steepening Early On

US TSYS

Spill over from NY trade and the latest accusations from the west (via the U.S.) re: the continued build-up of Russian troops near the Ukraine border has provided support to U.S. Tsys in early Asia dealing, with TYH2 last +0-05+ at 125-31+, 0-00+ shy of the peak of the early 0-07 range. Cash Tsys run 1.5-2.5bp richer on the day, bull steepening as the 3- to 5-Year zone outperforms.

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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