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Cheapening Impetus Kicks Back In

US TSYS

The early cheapening impetus has come back to the fore in recent trade, with no fresh, meaningful headline flow observed, while e-minis now sit 0.5-0.6% higher on the day. TYH2 sits at fresh session lows -0-03+ at 130-26, while cash Tsys run 3-4bp cheaper across the curve, with 3s leading the weakness.

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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