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Marginally Richer Start

US TSYS

Cash tsys have opened dealing 1-2bps richer across the major benchmarks with light bull steepening observed. Asia-Pac participants have faded yesterday's cheapening, which was driven by spillover from the Bank of Canada's rate hike, perhaps using the opportunity to close short positions/enter fresh longs. TYU3 deals at 113-06, -0-01, a narrow 0-03 range has been observed thus far.

  • A thin docket for the remainder of the Asian session leaves partipants on headline watch.

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