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Finding A Bid

US TSYS

Tsys find a bit of a base as the mixed domestic data continues to be digested, along with the cash equity open, while the broader curve moves off post-data session steeps (a TU/TY block steepener was seen in early NY hours, helping the curve in that direction). Outright yields sit 5-9bp lower on the day. Both 2s10s and 5s30s registered the highest levels seen since the first half of the month earlier in the session.

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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