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Muted Start

US TSYS

Cash tsys have opened dealing little changed across the major benchmarks in a muted start to Wednesdays dealing. The proximity to todays March CPI print may be keeping Asia-Pac participants on the sidelines. TYM3 deals at 115-14, +0-02, with a narrow 0-01+ range observed thus far.

  • Fedspeak from Minneapolis Fed President Kashkari has crossed, he noted that he does not see the build up of the kind of risks that took down SVB building up across the wider banking sector. He also noted that he sees inflation at middle 3% by the end of this year and closer to 2% next year.

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