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Marginally Richer In Asia

US TSYS

TYZ3 deals at 107-16+, +0-08+, a 0-07+ range has been observed on volume of ~77K.

  • Cash tsys sit 2-3bps richer across the major benchmarks, the belly is marginally outperforming.
  • Tsys have ticked higher through today's Asian session as Thursday's post CPI losses are trimmed with gains extending a touch in recent trade.
  • The move higher in tsys has been seen alongside the USD trimming Thursday's gains and e-minis ticking higher.
  • Reuters have reported early in the session that "Fed Chair Powell will deliver prepared remarks and respond to questions from a moderator at the midday event in New York, according to senior Fed officials' weekly event schedule updated each Thursday."
  • In Europe today the docket is thin, further out we have Terms of Trade and UofMich Consumer Sentiment. Fedspeak from Philadelphia Fed President Harker crosses.

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