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Marginally Cheaper On The Day

US TSYS

The modest uptick that we flagged earlier was a bit of a non-event, with crude oil futures now off session lows (albeit with WTI still the best part of $3 softer on the session). This has allowed TYU2 to print through early Asia lows, although that contract still operates in a fairly narrow ~0-08 range, with volume barely topping 50K, last +0-03 at 118-23+. Cash Tsys are little changed to 1bp cheaper across the curve. Macro headline flow has been lacking during the early rounds of Asia-Pac dealing.

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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