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Looking Through Geopolitical Risk Headlines

US TSYS

Tsys not showing anything in the way of meaningful reaction to newswire headlines flagging a piece run by Japan’s Kyodo News which points to the G7 mulling a near-full ban of Russian exports. There hasn’t been much movement since the previously outlined block flow and screen buying. TYM3 still holds to a narrow 0-04 range, trading just off best levels last. Cash Tsys are flat to 1.5bp richer, with bull steepening remaining in play.

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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