November 15, 2023 04:07 GMT
Marginally Richer In Asia
TYZ3 deals at 108-28+, -0-00+, a 0-07 range has been observed on volume of ~120k.
- Cash tsys sit 1-2bps richer across the major benchmarks, light bull flattening is apparent.
- Tsys have dealt in narrow ranges for the most part in Asia today, the space mostly looked through Japanese and Australian data releases as moves had little follow through.
- Post-CPI highs remain intact for TY. The next target for bulls is 109-20, high from Sep 19. Support comes in at 107-00, low from Nov 13.
- UK CPI provides the highlight in Europe today. Further out we have retail sales, business inventories, PPI and Empire manufacturing. Fedspeak from VC Barr is also due.