November 10, 2022 03:58 GMT
Curve Twist Flattens A Touch As Asia Looks Ahead To CPI Data
US TSYS
The curve has twist flattened in Asia-Pac dealing, with e-minis ticking away from Wednesday’s low (alongside a similar move in Bitcoin, after worries surrounding a major cryptocurrency exchange impacted wider price action late on Wednesday). Cash Tsys trade 1.5bp cheaper to 1.5bp richer across the curve, pivoting around 7s, with regional participants seemingly content to wait for the impending U.S. CPI print. TYZ2 deals in the middle of its limited 0-06+ range.
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