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Curve Marginally Flatter In Asia

US TSYS

TYU3 deals at 109-04+, +0-02+, a 0-06+ range has been observed on volume of ~70k.

  • Cash tsys sit flat to 2bps richer across the major benchmarks, light bull steepening is apparent.
  • In a data light session Tsys ticked higher alongside a bid US Equity Futures and pressure on the USD as sentiment improved in Asia.
  • The move higher didn't follow through and Tsys pared gains to deal in a narrow range through the session. Little meaningful macro newsflow crossed.
  • Flash PMIs from France, Germany and the Eurozone provide the highlight in todays European session, further out we have US new home sales and S&P Global PMIs. The latest 20-Year Supply is also due.

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