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Little Changed In Muted Asian Session

US TSYS

TYH3 deals at 114-24+, +0-02+, and is operating in a narrow 0-04 range on light volume of ~20k.

  • Cash Tsys sit 0.5bp richer to 0.5bp cheaper across the major benchmarks.
  • China, Hong Kong and Singapore were closed again today, as the impact of the LNY period once again thinned out liquidity in Asia.
  • Macro headline flow was also scarce.
  • In Europe today flash PMI data from the Eurozone and UK headline the docket. Further out we have PMIs from the U.S. as well as Philadelphia Fed Non-Manufacturing Activity and Richmond Fed Manufacturing Index. On the supply side we have the latest 2-Year Tsy auction.

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