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Cheaper At The Margins

US TSYS

Cash Tsys nudge higher in early Asia-Pac dealing as regional participants fade the limited, Brainard-inspired uptick witnessed during NY trade. That leaves the major benchmarks running 0.5-1.5bp cheaper across the curve, while TYZ2 prints -0-01 at 112-03, sticking to a narrow -0-02+ range thus far, operating a touch shy of its late Monday peak.

  • Headline flow remains light, with nothing crossing from NY Fed President Williams latest appearance (a panel moderation at the Economic Club).
  • Focus moves to the Chinese risk events outlined earlier.
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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