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Modest Cheapening Post-China PMIs

US TSYS

Some delayed cheapening momentum creeps into Tsys post-China PMIs, leaving the major benchmarks running little changed to 1.5bp cheaper, with 10s providing the weakest point on the curve. TYM3 has traded through early session lows, but has lacked follow through, with the contract sitting in a 0-05 range 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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