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Contained Two-Way Flow In Early London Trade

US TSYS
HomepageBond Market NewsBulletMarketsFixed Income News

After fading to fresh session lows during early London trade, Tsys have recovered from cheapest levels of the day alongside a recovery from session lows in benchmark European equity future.

  • That leaves TYZ3 +0-05+, a little above the middle of a 0-07 range.
  • Cash Tsy yields are 1bp lower to 0.5bp higher, with the curve twist steepening at the margin.
  • Headline flow remains light to start the day.
  • Asia-Pac highlights saw mixed internals result in a narrower than expected Chinese trade surplus for October, while the RBA statement read dovish alongside a 25bp rate hike, triggering a rally in Aussie bonds, although there was only very limited spill over for Tsys.
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After fading to fresh session lows during early London trade, Tsys have recovered from cheapest levels of the day alongside a recovery from session lows in benchmark European equity future.

  • That leaves TYZ3 +0-05+, a little above the middle of a 0-07 range.
  • Cash Tsy yields are 1bp lower to 0.5bp higher, with the curve twist steepening at the margin.
  • Headline flow remains light to start the day.
  • Asia-Pac highlights saw mixed internals result in a narrower than expected Chinese trade surplus for October, while the RBA statement read dovish alongside a 25bp rate hike, triggering a rally in Aussie bonds, although there was only very limited spill over for Tsys.