March 13, 2023 02:16 GMT
Curve Holding Steeper
There has been little newsflow, re: the evolving SVB situation, in recent dealing. Cash tsys sit 12bps richer to 4bps cheaper, the curve is holding steeper. 2s10s inversion has narrowed ~12bps today and is currently sitting at -75bps.
- TYM3 deals at 113-03, -0-01+, as the contract ticks away from session lows.
- Asia-Pac participants remain on headline watch.