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CROSS ASSET

Markets Sensitive To Omicron Spread

MYR

Ringgit Slips In Holiday-Thinned Trade

US TSYS

Another, Modest, Omicron Bid Kicks In

CHINA RATES

China Repo Rates Rise Friday

US TSYS
US TSYS: Matters surrounding the coronavirus situation continued to capture
attention in Asia hours. A clarifying statement from the White House, noting
that they have not called airlines re: suspending flight traffic to & from China
weighed on Tsys, with T-Notes having a look through Tuesday's lows before
recovering from worst levels. Contract last -0-01+ at 130-18, with yields
0.6-1.0bp lower across the curve.
- An uptick in U.S. equity indices in the wake of stronger than expected Apple
earnings also weighed on the space.
- Some flow of note again in Asia. 20.0K of the TYJ0 130.50/131.50/132.00 call
ladder traded on block, with a further 12.0K changing hands on screen. Later in
the session a 10.0K 1x2x2 USH0 159.00/161.00/162.00 call tree block was sold,
likely representing an unwind of existing positions. 20.0K of the USJ0 162.00
calls were also sold on block at the same time, which looked to be a new
position. Elsewhere, screen trade saw a 5.0K buyer of TYH0 129.75 puts.
- Eurodollar futures print unch. to -0.5 across the curve.
- The FOMC decision headlines today's docket, see email for full preview.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com