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Local Risk Events Eyed

US TSYS

Asia-Pac headline flow remains sparse and is coupled with a lack of notable market flow. Still, T-Notes have edged to fresh session lows in recent trade, and last print -0-02 at 131-18. The cash curve has twist steepened, with longer dated Tsys running ~2.0bp cheaper on the day. Most participants are looking ahead to today's local risk events (U.S. CPI, 30-Year Tsy supply and the announcement re: the Fed's latest Tsy purchase schedule).

  • We should flag that Chinese trade data for the month of March provided a much narrower than expected headline trade surplus, with mixed internals as exports rose at a slower than expected Y/Y rate while imports surged, as the Y/Y rise in that metric topped exp.
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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