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Light Cheapening Seen

US TSYS

U.S. Tsys have cheapened a little since the top of the hour, although headline flow remains sparse. This has allowed TYH2 to drift towards Wednesday’s low, last dealing -0-06 at 130-00+, 0-01 off the base of a 0-07 range. Cash Tsys run flat to 1bp cheaper across the curve. There hasn’t been any tangible reaction to Chinese inflation data, nor has there been any market flow of any real note.

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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