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Flat Start To Asia-Pac Trade

US TSYS

TYZ1 in a narrow 0-02 range thus far, last +0-01 at 129-26, while cash Tsys run little changed to 1bp richer across the curve after Tuesday's twist steepening. Macro headline flow remains light, with regional participants awaiting the latest RBNZ monetary policy decision, due in just over 30 minutes time (a reminder that a 25bp OCR hike is widely expected, with the OIS strip pointing to a ~34% chance of a 50bp hike).

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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