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Marginally Richer In Asia

US TSYS

TYZ3 deals at 107-24, +0-05+, a narrow 0-05 range was observed on volume of ~105k.

  • Cash tsys sit ~1bp richer across the major benchmarks.
  • Tsys have observed narrow ranges in a data light session in Asia, there has been little follow through on moves and little meaningful macro news flow crossed.
  • Flow wise the highlight was a TY block buyer (5k lots).
  • Regional German CPI provides the highlight in Europe today, further out we have Initial Jobless Claims and 3rd read of GDP. Fedspeak from Chair Poweel and Chicago Fed President Goolsbee is due. We also have the latest 7-Year Supply.

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