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Early Weakness Unwinds

US TSYS

U.S. Tsys have ticked higher over the last hour or so, but T-Notes still stick to a 0-04 range, last +0-01 at 137-09 (aided by the previously flagged 3.0K screen buyer), with yields little changed across the cash curve. It would seem that some worry surrounding the Novavax COVID vaccine's efficacy re: the South African strain of the virus (which became evident in very late NY trade) limited the steepening impetus that was initially seen after the re-open.

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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