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Marginally Richer Start

US TSYS

Cash tsys are marginally richer to start, sitting 0.5-1bp richer across the major benchmarks. Asia-Pac participants are reacting to yesterday's US CPI print and March FOMC meeting minutes, with the latest North Korean missile test also providing a level of support. TYM3 deals at 115-28, +0-05+, a touch off the top of the observed 0-04+ range.

  • March labour market report from Australia headlines the Asia-Pac session today, the print is due in just under 90 minutes and an uptick in the headline unemployment rate to 3.6% is expected.

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