Free Trial

Marginally Cheaper In Asia

US TSYS

TYU3 deals at 111-08+, -0-04, a 0-04+ range has been observed on volume of ~48k.

  • Cash tsys sit ~1bp cheaper across the major benchmarks.
  • Tsys have ticked lower through the Asian session, however ranges remain narrow with little follow through.
  • The proximity to this evening's July US CPI print has perhaps limited activity in Asia.
  • FOMC data OIS remains stable, a terminal rate of 5.40% is seen in May with ~70bps of cuts by July 2024.
  • There is a thin docket in Europe today, further out the latest US CPI print headlines. The MNI preview of the event is here. Fedspeak from SF Fed President Daly and Atlanta Fed President Bostic also crosses. We also have the latest 30-Year supply.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.