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Light Bid Maintained

US TSYS

Another uptick in China’s daily new COVID case count, which is no doubt feeding into a modest downtick for Chinese equities, is providing some light background support for Tsys, although activity across the broader Tsy space remains relatively subdued. TYU2 last deals -0-04 at 118-11, 0-01 off the peak of the contract’s 0-06 session range, on limited volume of ~26K. Meanwhile, cash Tsys run 1-2bp richer across the curve, 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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