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Buying Programme in Tsy Futures Facilitates Light Bull Steepening

US TSYS

Recent trade has seen a screen-based buying programme across TU, FV & TY futures put a light bid into the space (FV saw the most notable round of purchases, totalling ~3.1K lots in one clip). That leaves the major cash Tsy benchmarks printing flat to 1.5bp richer on the day, with some light bull steepening in play, owing to the aforementioned flow in 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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