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Cash Bonds Slightly Cheaper, More Fedspeak Later Today

US TSYS

TYH4 is trading at 111-03, -0-03+ from NY closing levels.

  • Cash bonds are dealing 1-2bps cheaper in today’s Asia-Pac session.
  • There hasn’t been anything meaningful on the newsflow front today.
  • Later today will see U. of Mich. Sentiment, Existing Home Sales and Total Net TIC Flows. Also, Fed's Goolsbee Speaks on CNBC, and Fed's Daly Speaks on Fox Business and in Fireside Chat.
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