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Hong Kong Lockdowns Eyed

US TSYS

Talk of partial COVID lockdowns in a couple of districts in the city of Hong Kong has resulted in light risk-off flows, with T-Notes last dealing +0-00+ at 136-29, although the contract has stuck to a narrow 0-03+ range thus far. Yields from 5-Years out are now back at neutral levels, unwinding the early, light cheapening, with very modest underperformance seen in the shorter end.

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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