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Narrow Ranges In Asia, CPI On Tap

US TSYS

TYZ3 deals at 107-13+, -0-00+, a 0-06 range has been observed on volume of ~48k.

  • Cash tsys sit flat to 1bp richer across the major benchmarks, light bull flattening is apparent.
  • Tsys have observed narrow ranges in Asia with little follow on moves, the proximity to this evenings US CPI print has perhaps limited activity.
  • There was little in the way of meaningful macro newsflow. A recovery from session lows was seen alongside an uptick in the USD.
  • Eurozone GDP and Employment headlines in Europe today, the aforementioned CPI print provides the highlight further out. The MNI preview is here. There are a number of Fed speakers due with NY Fed President Williams the standout.

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