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Early Bid Holds As Cash Flattens

US TSYS

T-Notes hold their early bid, last +0-07+ at 138-19, with focus still falling on the U.S. Tsy/Fed matters that became apparent in the NY/Asia crossover. The cash Tsy curve has flattened further since the Tokyo re-open, with 2-Year yields little changed and 30s trading ~1.2bp richer. E-minis have edged away from the early lows after the S&P 500 contract failed to break below its Thursday lows.

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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