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US TSYS

U.S. Tsys have rallied further post-Biden, with little of any real note in the address itself, perhaps allowing the extension of the early sell the rumour buy the fact theme, with questions over Biden's COVID support package's passage through the Senate at the fore for some i.e. will members of the more moderate Democratic wing support the scheme, if not it may be watered down. T-Notes last +0-06 at 136-24, a touch back from best levels of the day and still within the confines of yesterday's range, while cash trade sees bull flattening with 30s sitting a little over 2.0bp richer vs. the close.

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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