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Little Changed In Muted Asian Session

US TSYS

TYM3 deals at 115-13+, -0-00+, with a 0-04 range observed on volume of ~44k.

  • Cash tsys sit little changed across the major benchmarks.
  • Tsys have observed narrow ranges with little follow through on moves in Monday's Asian session.
  • A recovery off session lows in e-minis, and mild pressure on the USD helped tsys firm off early lows. A fall in WTI futures also added a layer of support.
  • Little meaningful macro news flow crossed.
  • A meeting between President Joe Biden and Congressional leaders to discuss the US debt ceiling has been set for Tuesday.
  • In Europe today we have German Whole Prices and Eurozone Industrial Production, further out US Empire Manufacturing is on the wires. Fedspeak from Atlanta Fed President Bostic, Chicago Fed President Goolsbee and Minneapolis Fed President Kashkari will cross.

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