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Marginally Richer In Asia

US TSYS

TYZ3 deals at 110-05, +0-04+, a 0-06 range has been observed on volume of ~76k.

  • Cash tsys sit 1-2bps richer across the major benchmarks, light bull flattening is apparent.
  • Tsys firmed in early trade as local participants digested yesterday CPI print, there was little follow through on the early moves higher and tsys consolidated in a narrow range.
  • TYZ3 has breached its post CPI highs, resistance comes in at 110-10, the 20-Day EMA.
  • Flow wise a block buyer of TY (2,319 lots) was the highlight.
  • In Europe today the latest monetary policy decision by the ECB headlines. Further out we have Initial Jobless Claims, Retail Sales and PPI.

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