Free Trial

Narrow Ranges In Asia

US TSYS

TYZ3 deals at 106-07, -0-06+, a 0-08+ range has been observed on volume of ~80k.

  • Cash tsys sit 3-4bps cheaper across the major benchmarks, the belly is leading the cheaps.
  • Tsys ticked lower in early trade alongside Oil in early trade as demand for safe haven assets after Israel's military action in Gaza was moving more cautiously than expected.
  • The move lower didn't follow through and Tsys ticked away from session lows dealing in narrow ranges for the remainder of the Asian session.
  • On the wires today we have the Dallas Fed Mfg Activity Index. Further out the latest monetary policy decision from the Fed provides the highlight of this week's docket.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.