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Marginally Cheaper In Tight Trade

US TSYS

Macro headline flow remains subdued, with the previously flagged block sale in TY futures and a Chinese Caixin manufacturing PMI print that revealed a slightly less contractionary headline reading than was expected applying some modest pressure to Tsys over the last 90 minutes or so. Still, the bulk of the post-Powell gains remain intact, with cash Tsys sitting 1.5-2.0bp 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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