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Light Bid Comes In

US TSYS

The space has experienced a light round of richening since our previous bullet, leaving the major benchmarks flat to ~1.0bp richer across the curve, with modest bull flattening in play. Headline flow remains light, outside of the previously flagged missile launch from North Korea, with TYH2 +0-05+ at 128-10, 0-01 shy of the peak of the 0-05 range that has been in play thus far.

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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