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Low Conviction Drift

US TSYS

A lack of immediate catalysts has desks looking to Wednesday's quarterly refunding announcement from the Tsy. T-Notes last +0-00+ at 140-03.

  • Curve steeper at the margin with the month-end support for the space now out of the way, yields sit unchanged to 1.1bp cheaper across the curve.
  • Headline flow remains light, and TikTok specific, with source reports pointing to the U.S. administration allowing a 45-day grace period for Microsoft to explore and complete the purchase of the Chinese social media platform.
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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