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Fiscal News Weighing?

US TSYS

Looking over to U.S. Tsys, the cash space has now more than unwound the previously outlined bid, with news that the House could vote on the well-documented fiscal spending initiatives as soon as Thursday perhaps the catalyst. Weakness in the ACGB space will also be applying some pressure. T-Notes still in a narrow 0-04+ range, last at session lows, -0-06 at 130-18+, while cash Tsys run flat to 1.0bp cheaper across the curve, with 2s providing the weak point on the curve.

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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