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Cash Runs ~5bp Cheaper Early On

US TSYS

Cash Tsys run 4-5bp cheaper across the curve in early Asia-Pac trade, with the previously alluded to flow in futures and combination of Italian election news & regional reaction to Friday’s Gilt-driven weakness likely in the driving seat. TYZ2 operates just off the base of its early 0-13+ range, although the contract hasn’t got anywhere near testing Friday’s base.

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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