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Meandering Through The Day

US TSYS

Tsys have meandered through the last few hours, perhaps drawing very modest levels of support from a more cautious BoJ (when it comes to its economic view), although the Bank failed to provide anything in the way of meaningful surprises. TYM2 last +0-04 at 124-14+, 0-03 off the base of the 10+ range observed thus far. Meanwhile, cash Tsys run 0.5-1.0bp cheaper across the curve, with the most modest amount of bear flattening in play.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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