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Marginally Firmer

US TSYS

Tsys have marginally firmed in recent dealing, cash tsys sit 1-2bps richer across the major benchmarks with some light bull steepening apparent. TYM3 deals at 115-00, +0-02+, a touch off the top of the 0-05+ range.

  • Asia-PAc Participants have faded Tuesday's cheapening after digesting this morning's Fedspeak, Goolsbee and Bostic think that the Fed should pause at its June 14 meeting to allow time to assess the impact of previous tightening but also the effect of higher banking funding costs on the economy.

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