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Cheapening Extends A Little

US TSYS

TYZ1 hovers just off session lows, -0-09 at 130-19, with a recovery from lows in oil futures and a ~0.3% uptick for e-minis applying some light pressure. The truncated Tsy supply schedule owing to the Thanksgiving holiday may also be weighing (2- & 5-Year Tsy supply is due on Monday). Cash Tsys run 1.5-2.0bp cheaper across the curve, with 2s and 3s leading the way lower.

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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