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Curve a touch steeper in early cash.........>

US TSYS
US TSYS: Curve a touch steeper in early cash trade, with yields unchanged to
1.5bp cheaper, as focus falls on the earlier covered Moderna COVID-19 vaccine
story, although some of the aforementioned issues i.e. side effects and the need
for a broader sense of caution may be limiting the move. T-Notes last 0-04+ at
139-09, representing best levels of the session, after the initial knee-jerk
lower lacked follow-through.
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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