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Holding A Little Firmer, Delivery Of Expected Chinese Property Support Caps For Now

US TSYS

Tsys just off best levels of the day as confirmation of previously touted support for the Chinese property market caps the bid derived from the lead of EGBs & Gilts.

  • Cash Tsys are 1-2bp richer, with 10+-Year paper testing yield lows seen in recent days.
  • TYZ3 last prints +0-04+.
  • Local data, Fedspeak and month-end flows (BBG Tsy index extension above the 12-month & 60-month averages but a little below the historical August average) provide the scheduled focal points from here.
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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