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Light Bid On Brainard Headlines

US TSYS

Tsys have seen some modest richening on the back of the previously outlined Biden-Brainard interview. As we noted earlier, Brainard is seen as a dovish alternative when compared to Fed Chair Powell, while a Biden-Brainard interview was already outlined in the press last week. Still the wording surrounding Brainard being a "serious contender" in the BBG story has likely resulted in the buying witnessed across the Tsy space. TYZ1 +0-05 at 131-14+ at typing, 0-01+ off reaction highs, while cash Tsys run 1-2bp richer across the curve.

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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