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Early Richening Holds

US TSYS

Tsys have held the bulk of the risk-off impulse-inspired gains that we flagged earlier, leaving the major cash benchmarks 2-3bp richer across the curve, with very light bull flattening observed. There hasn’t been much in the way of meaningful headline flow observed over the last couple of hours. TYZ2 sits +0-11+ at 113-12+, 0-01+ off the peak of its 0-11+ range.{US} US TSYS: Early Richening Holds

Tsys have held the bulk of the risk-off impulse-inspired gains that we flagged earlier, leaving the major cash benchmarks 2-3bp richer across the curve, with very light bull flattening observed. There hasn’t been much in the way of meaningful headline flow observed over the last couple of hours. TYZ2 sits +0-11+ at 113-12+, 0-01+ off the peak of its 0-11+ range.

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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