Modest Uptick Seen
Tsy futures ticked higher in early Asia-Pac dealing, with the impulse from the FOMC minutes, softer than expected U.S. data and increased potential for a fairly imminent round of easing from the PBoC facilitating the early bid. Only UXY & US futures failed to breach their respective Wednesday peaks, before the space nudged away from best levels. A reminder that cash Tsys are closed owing to the Thanksgiving holiday and Tsy futures will be subjected to curtailed trading hors on Thursday. Ranges remain tight, with volume limited by the holiday.