March 17, 2023 00:11 GMT
Marginally Cheaper Start
Cash tsys have opened dealing flat to 2bps cheaper across the major benchmarks. Asia-Pac participants are digesting yesterday's cheapening driven by the $30bn rescue package from First Republic and the associated Fed rate pricing adjustments in OIS markets. TYM3 deals at 114-05, -0-01, a touch off the base of the 0-06 range observed thus far.
- The regional docket is thin today leaving participants on headline watch in the Asian session.