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US TSYS

Tsys have stuck to a tight range thus far, with the major cash benchmarks running little changed to 1bp cheaper, while TYU2 is -0-03 at 117-28, operating 0-01 off the base of a narrow 0-03 range, after failing to gain traction on a look below Tuesday’s session trough. Participants remain on the lookout for major headline catalysts, although volume observed in broader Tsy trade has been limited week to date, given the lack of tier 1 data releases and pre-FOMC blackout keeping some participants sidelined (this coming Thursday’s ECB decision is also factoring into the lower risk taking mix).

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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