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Curve Flattens

US TSYS

The US Tsy curve has flattened this morning as the recent steepening loses momentum in Asia. Ranges are narrow, and there has been little follow through thus far. President Biden has requested that Congress provide ~$100bn in funding for Israel, Ukraine, Taiwan and the US border. Flows this morning have a risk off tone the USD is firmer and US Equity Future are lower

  • Cash tsys sit flat to 3bps richer, light bull flattening is apparent.
  • TYZ3 deals at 105-17+, +0-04, a touch off the top of the 0-05 range.

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