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US TSYS

TYZ3 deals at 110-03+, +0-05, a 0-05+ range has been observed on volume of ~60k.

  • Cash tsys sit 2bps richer to flat across the major benchmarks, light bull steepening is apparent.
  • Tsys were pressured in early dealing, the move came alongside the USD extending recent gains despite the lack of an overt headline driver.
  • TY was supported ahead of 109-28+, the low from Aug 29.
  • The move didn't follow through and tsys ticked higher through the session.
  • On the wires today we have Trade Balance and ISM Services Index, the Fed's Beige Book is also released and the latest monetary policy decision from the Bank of Canada is due. Fedspeak from Boston Fed President Collins and Dallas Fed President Logan crosses.

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