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Muted Start

US TSYS

Cash tsys have opened dealing little changed across the major benchmarks in a muted start to Friday's dealing. Participants are digesting yesterday's richening seen after US Home Sales data. TYZ3 deals at 107-29+, 0-02+, a 0-02 range has been observed.

  • There was little reaction to Feds Barkin who noted that policymakers have time to determine if they need to do more work to cool inflation and that the labour market may offer some insight. More here.
  • A thin docket in Asia today leaves participants on headline watch.

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