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Early Bid Holds

US TSYS

Price action in Tsys has stagnated a little, with e-minis holding around session lows, nothing in the way of fresh impetus derived from Chinese equities (CSI 300 -0.4% on the day), while headline flow has been subdued. That leaves TYU2 just shy of best levels +0-08 at 118-20, while cash Tsys run 2.5-4.5bp richer across the curve, with the front end continuing to lead the bid.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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