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Little Movement Early On

US TSYS

There hasn't been much in the way of regional willingness to push back against Thursday's cheapening during early Asia dealing, with the proximity to the elongated Memorial Day weekend and Friday's U.S. PCE reading perhaps keeping some sidelined, even with estimates pointing to an above average round of month-end extensions for the space. TYU1 last -0-01+ at 131-23+, with cash trading unchanged to 0.5bp cheaper across the curve shortly after 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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