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Manheim Index Adds To Supportive Factors, Outweighing $IG Supply

US TSYS

Feedthrough from the softer-than-expected Canadian inflation data outweighs the building $IG issuance schedule.

  • Another dip in the mid-month Manheim used vehicle sale price index will also be factoring into the light bid.
  • TYM4 prints fresh session highs of 110-04+ before backing off, ranges remain contained, last 110-02.
  • Cash Tsy yields 0.5-4.0bp lower across the curve, bull steepening.
  • FOMC-dated OIS roughly in line with levels provided in previous bullet.
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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