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Futures Briefly Pressured, US Studies Ways To Guarantee All Bank Deposits

US TSYS

TYM3 was briefly pressured as US studies ways to guarantee all bank deposits, link here.

  • The move in tsys was limited, with TYM3 not challenging daily lows, as the move to guarantee deposits is not seen as not yet necessary.
  • A rally in ACGBs, post the minutes of the March RBA policy, has provided support to the wider FI space.
  • TYM3 deals at 115-06, +0-03, a touch of session highs.

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