March 15, 2023 00:12 GMT
Cash tys have opened flat to 4bps cheaper across the major benchmarks, the curve has bear flattened. Asia-Pac participants are digesting yesterday's CPI print, as well as a moderation in concerns over the US banking sector. Cross market flows are also weighing as weakness in JGBs spills over.
- TYM3 deals at 113-14+, -0-13, a touch off the base of the observed 0-05+ range.
- Participants look to 1-Year MLF Rate as well as retail sales, industrial production and surveyed jobless rate from China which headlines the docket in Asia today.
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