Marginally Richer In Asia

TYZ3 deals at 106-08, +0-01, a 0-11 range has been observed on volume of ~140k.

• Cash tsys sit ~2bps richer across the major benchmarks.
• Tyss firmed off session lows as mild risk off tone took hold in Asia. The USD firmed and US Equity futures ticked lower. A mixed Chinese PMI print added a layer of support.
• Gains extended in volatile trade as a bid in JGBs as the BOJ decision spilled over into the wider space. Tsys held onto some of the gain dealing in a narrow range for the remainder of the session.
• Eurozone CPI and GDP data headlines in Europe today. Further out we have the US Conference Board consumer confidence and employment cost index.