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Early Uptick Extends A Little
Pockets of screen buying in TY futures has helped underpin the post-Aussie labour market report rally in recent dealing, with TYH3 last +0-05 at 112-06+, operating at the recently registered session high (0-09 range in play at present). Cash Tsys are 1.0-2.5bp richer as the curve bull steepens. Macro headline flow has seen some cautious comments out of China re: the fiscal situation in the country, although the topics discussed (including targeted areas for support) have largely gone over old ground.
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