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Marginally Firmer

US TSYS

Tsys tick to best levels of the day as China vows to enact criminal punishment against “Taiwan-independence diehards” via the major state-run media outlet, Xinhua. Elsewhere, Chinese Foreign Minister Wang Yi has urged the U.S. to stop playing the Taiwan card. Ultimately, market moves remain limited, with the focus of any Chinese reaction to U.S. House Speak Pelosi’s trip to Taiwan remaining fairly Taiwan-centric for now. That leaves TYU2 +0-05 at 120-09, a touch shy of the peak of its 0-07+ range, while cash Tsys sit little changed to 2bp richer on the session.

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Tsys tick to best levels of the day as China vows to enact criminal punishment against “Taiwan-independence diehards” via the major state-run media outlet, Xinhua. Elsewhere, Chinese Foreign Minister Wang Yi has urged the U.S. to stop playing the Taiwan card. Ultimately, market moves remain limited, with the focus of any Chinese reaction to U.S. House Speak Pelosi’s trip to Taiwan remaining fairly Taiwan-centric for now. That leaves TYU2 +0-05 at 120-09, a touch shy of the peak of its 0-07+ range, while cash Tsys sit little changed to 2bp richer on the session.