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Headlines Light, Month-End Eyed

US TSYS

T-Notes unchanged at 138-06 (quoting the March contract), holding to a 0-02 range thus far. The curve is generally cheaper at the margin, but not by more than 0.5bp at any point, with e-minis off their early highs, crude lower on the day and focus on Tsy +ve month-end rebalancing flows/sizable month-end duration extension estimates. Macro headline flow has been light since the re-open.

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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