February 21, 2023 00:12 GMT
Curve Bear Flattens In Early Trade
US TSYS
Cash Tsys have re-opened 1-4bps cheaper across the major benchmarks after the elongated weekend, with the curve bear flattening. Tsys yields are catching up to the moves seen in futures yesterday, with the recent hawkish repricing of the Fed's tightening cycle still in focus. TYH3 deals at 111-25, -0-07, a narrow 0-01+ range has been observed this morning.
- Asia-Pac participants look to the minutes of the RBA's February policy meeting, which is on the wires at the bottom of the hour.
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