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Fiscal Matters Still Headline

US TSYS

Cash Tsys operate either side of unchanged in early Asia-Pac trade, ultimately printing little changed on the day, while T-Notes sit +0-05 at 131-08+, sticking to a 0-03 range thus far. The space looked through headlines from Senate Democratic Leader Schumer's staff, which noted that the U.S. Senate parliamentarian has issued an opinion that a revised budget resolution may contain budget reconciliation instructions. Senator Machin's previously flagged opposition to President Biden's corporate tax proposals negate the viability of the Democrats being able to force the infrastructure legislation through via a 50/50 vote split in the Senate (with Vice President Harris casting the deciding vote in any such instance).

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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