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Continuing To Coil

US TSYS

The combination of deminished Asian liquidity (including a cash Tsy market closure on the back of a holiday in Japan), proximity to the impending FOMC decision and a lack of meaningful macro news flow means that futures have continued to meander in narrow ranges during the first half of Asia-Pac dealing. TYM2 is last -0-04 at 118-12+, sticking to the 0-05+ range that was established early in the session, operating on a limited ~32K lots. Eurodollar futures sit 0.5 to 3.5 ticks below settlement levels through the reds.

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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