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Cash Bonds Slightly Stronger After Modest Gains On Tuesday

US TSYS

TYH4 is trading at 112-01+ +0-04+ from NY closing levels.

  • Cash tsys are trading 1-2bps richer across benchmarks in today's Asia-Pac session.
  • This comes after US tsys showed a modest rally on Tuesday. Cash bonds finished the NY session with yields 1-2bps lower across benchmarks ahead of CPI/PPI data on Thursday/Friday. The US tsy 10-year finished 2bps lower at 4.01%. Nevertheless, it was the third straight close above 4%.

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