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Holding A Touch Cheaper

US TSYS

The spill over from Wednesday’s NY session holds, as the major benchmarks run 0.5-1.5bp cheaper, with modest bear flattening in play. TYZ2 runs 0-04 cheaper at 109-28, 0-02 off the base of its 0-06 range. Flow has been two-way, albeit limited, within that tight range, with the softer than expected headline Australian employment change and small block buy in WN futures providing some offset to the spill over from Wednesday’s trade.

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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