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Holidays Limit Activity In Asia


Tsys have struggled to move meaningfully during Asia-Pac hours, with the previously alluded to holidays in Hong Kong, China & South Korea limiting volume thus far, and nothing in the way of market moving headline flow crossing since our last Tsy update. The major cash Tsy benchmarks sit 0.5bp richer to 1.5bp cheaper, as the curve twist steepens, while TYZ2 operates in a 0-06 range.

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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