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Narrow Ranges In Asia

US TSYS

TYU3 deals at 109-28+, -0-03+, a 0-05 range has been observed on volume of ~66k.

  • Cash tsys sit little changed across the major benchmarks.
  • Tsys have observed narrow ranges with little follow through on moves in a muted Asian session for the space.
  • A recovery from early session lows was facilitated by an unexpected cut to two key policy rates by the PBOC, however narrow ranges persisted through the session.
  • The highlight flow wise was a block buyer in FV (8.4k lots).
  • UK Employment data for June provides the highlight in today's European session. Further out US retail sales, empire manufacturing, business inventories and cross-border investment are due. Fedspeak from Federal Reserve Bank of Minneapolis President Neel Kashkari crosses.

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