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Edging Away From Lows

US TSYS

A downtick for the majority of the major Asia-Pac equity indices, alongside marginal weakness for e-minis, has allowed the Tsy space to form a little bit of a base, leaving TYZ1 -0-03 at 130-28, 0-05 off lows, after a limited and shallow foray below the previously outlined support cluster (130-25+). Cash Tsys sit 0.5-1.5bp cheaper across the curve, with the belly continuing to lead the weakness. China GDP up next.

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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