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Muted Start On Tuesday

US TSYS

Cash tsys have opened dealing little changed across the major benchmarks in a muted start to Tuesdays dealing. Asia-Pac participants are digesting Monday's ISM Services print which was weaker than expected. TYU3 deals at 113-31, +0-02+, with a narrow 0-02 range observed thus far.

  • Today's Asian session is headlined by the RBA’s monetary policy decision. Economists are split on the decision with the Bloomberg median forecast pricing that the bank holds the cash rate at 3.85%. OIS markets price a ~50% chance of a 25bp hike.

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