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Modest Cheapening Early On after Wednesday’s Richening

US TSYS

Asia-Pac participants once again start the session by fading net price action seen in the session prior, taking 0.5-1.5bp out of yesterday’s richening, dependent on which point of the curve you look at, with the 7- to 10-Year zone leading the move. The size of those moves is somewhat shy of the double digit bp richening witnessed across the curve on Wednesday.

  • TYH3 deals in a narrow 0-03 range, last -0-06 at 114-31.
  • Broader macro headline flow remains light thus far.
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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