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Marginally Cheaper Start

US TSYS

Cash Tsys have opened dealing ~1bp cheaper across the major benchmarks. Spillover from JGBs is weighing on the space, after BoJ Governor Kazuo Ueda said it’s possible the central bank will have enough information and data by the year-end to judge if wages will continue to rise, a condition for adjusting stimulus, according to an interview with the Yomiuri newspaper.

  • TYZ3 deals at 109-24, -0-05+, a touch off the base of the 0-06 range observed thus far.
  • A thin docket in Asia leaves participants on headline watch today.

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