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Legging Higher

US TSYS

The bid in Tsys accelerates on the back of Russian President Putin’s official confirmation of a special invasion into the Donbass region of Ukraine, while social media reports of wider spread explosions (including unconfirmed explosions in the capital of Kyiv) are adding a fresh leg to the bid. Putin issued a chilling warning to international parties, stressing that they should not get involved in the conflict. Putin has also played down the need for occupation in the Donbass. TYH2 +0-16+ at 126-25+ at typing, 0-02+ off best levels. Initial resistance is seen at the Feb 22 high (127-09). Cash Tsys run 5.5-8.0bp richer with the belly leading the bid.

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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