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Flat Start To Pre-Fed Asia Session

US TSYS

A flat start for Tsys sees the major cash benchmarks running ~0.5bp richer across the curve in early trade, with participants looking through the after-hours rally in e-minis (linked to tech giant earnings) and newswire confirmation that the heavily awaited Biden-Xi phone call will take place on Thursday, as they remain sidelined ahead of the latest FOMC monetary policy decision. TYU2 holds to a tight 0-03 range as a result, last -0-04 at 119-23+.

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A flat start for Tsys sees the major cash benchmarks running ~0.5bp richer across the curve in early trade, with participants looking through the after-hours rally in e-minis (linked to tech giant earnings) and newswire confirmation that the heavily awaited Biden-Xi phone call will take place on Thursday, as they remain sidelined ahead of the latest FOMC monetary policy decision. TYU2 holds to a tight 0-03 range as a result, last -0-04 at 119-23+.