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Modest Extension Of Early Bid, Tight Pre-FOMC Ranges Persist In Asia

US TSYS

Cash Tsys have richened a little further on the back of the previously outlined unscheduled JGB purchases from the BoJ, but the typical range bound round of pre-FOMC Asia-Pac dealing persists. The curve has been subjected to some light bull steepening pressure, with the major cash Tsy benchmarks running 1-2bp richer across the curve, while TYZ2 deals just off the top of a narrow 0-05 range.

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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