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Holding Firmer, TY Block Sale Helps Cap Space


Tsys are holding richer on the day on the back of the previously covered weekend rhetoric & press reports out of the UK re: fiscal matters, with the major cash benchmarks printing 1.5-3.0bp firmer across the curve, as 5s lead the bid.

  • Still, a block sale in TY futures has helped cap the space in recent dealing, while a lack of meaningful headline flow since the re-open has limited wider activity after the initial richening impulse.
  • TYZ2 last prints +0-04+ at 110-23+, 0-02 off the peak of its 0-07+ range.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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