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US TSYS

TYZ3 deals at 107-25, -0-02, a 0-08 range has been observed on volume of 155k.

  • Cash tsys sit 12-16bps cheaper across the major benchmarks, the belly and the long end are leading the bid.
  • TY firmed in early dealing, however Monday's highs remained intact and Tsys ticked away from session highs.
  • The move lower didn't follow through and tsys held in narrow ranges for the remainder of the Asian session.
  • Flow wise a block buyer in TY (5k lots) was the highlight.
  • There is a thin docket in Europe on Tuesday, further out we have Wholesale Inventories and NY Fed 1-Yr Inflation Expectations.
  • There are a slew of Fed speakers due including Gov Waller and Minneapolis Fed President Kashkari. The latest 3-Year Supply is due.

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