December 01, 2022 03:29 GMT
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.
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