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Marginally Richer in Asia, CPI In View

US TSYS

TYH3 deals at 112-30, +0-05, a touch off the top of a narrow 0-04+ range on volume of ~73K.

  • Cash Tsys sit flat ~1bp richer across the major benchmarks.
  • Tsys firmed in early trade, the bid was facilitated by screen flow in TY futures and light pressure in e-minis, with the latter ticking away from yesterday's late NY levels.
  • Kazuo Ueda was formally nominated for the BOJ position by the Japanese government however there was little reaction in Tsys.
  • Macro headline flow remained light through the session, with January CPI print in view activity was limited and the early richening held.
  • UK Labour Market Report and Eurozone GDP cross in Europe. However the aforementioned CPI print provides the highlight today. Fedpeak from Richmond Fed President Barkin, Dallas President Logan, Philadelphia Fed President Harker and NY Fed President Williams is also on the wires.

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