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Light Pressure On ACGB Weakness

US TSYS

The previously outlined weakness in the Aussie bond space has dragged Tsy futures away from their early session highs, with TYM2 operating in a 0-05+ range thus far, last dealing -0-05+ at 118-11 on volume of ~17K. A quick reminder that cash markets are closed until London hours owing to the observance of a Japanese holiday, while there hasn’t been much in the way of meaningful macro headline news flow for participants to digest since the re-open.

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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