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Narrow Ranges In Asia, Cash Re-Opens In London

US TSYS

TYU3 deals at 112-18+, +0-00+, a 0-06 range has been observed on volume of ~33k.

  • Cash tsys have been closed in Asia due to the observance of a national holiday in Japan and will re-open in the London session
  • Tsy futures have observed narrow ranges and are holding marginally richer in Asia. The early move higher came alongside the USD marginally extending gains however there was little follow through and narrow ranges persisted.
  • The space looked through a mixed round of Chinese monthly activity data.
  • There is a thin docket in Europe today, further out we have Empire Manufacturing. The Fed has entered its policy blackout window which runs until 27 July the day after the next rate announcement.

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