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Looking Through The Noise

US TSYS

Tsys price action remains muted given the uptick in e-minis (+0.6%) and downtick in the USD, with rates traders awaiting the latest inputs to gauge the likely size of the Fed’s September rate step. TYZ2 last -0-02+ at 117-00, 0-00+ off the base of its 0-05+ range, while cash Tsys run 1-2bp cheaper across the curve.

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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