Free Trial

Marginally Richer In Asia

US TSYS

TYU3 deals at 112-05+, +0-01, a range of 0-04 has been observed on volume of ~45k.

  • Cash tsys sit ~1bp richer across the major benchmarks.
  • In early trade Asia-Pac participants faded the cheapening seen in NY, tsys were pressured after the Initial Jobless Claims print was less than expected, perhaps using the opportunity to close short positions/enter fresh longs.
  • Flow wise a block seller in FV (3,512 lots) helped cap early gains.
  • Narrow ranges were observed for the remainder of the session and little meaningful macro news flow crossed.
  • In Europe Retail Sales from the UK headline an otherwise thin docket.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.