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Narrow Session In Asia, Fedspeak from Barkin & Bostic Due

US TSYS

TYH4 deals at 112-09+, +0-01+, a 0-07 range has been observed on volume of ~88k.

  • Cash tsys sit ~1bp cheaper across the major benchmarks.
  • Tsys have observed narrow ranges for the most part in Asia today with little follow through on moves. A retreat from session highs was seen alongside JGBs paring post-BOJ gains.
  • Flow-wise the highlight was a block buyer in TU (2.3k lots).
  • On today's docket we have Home Sales and Consumer Confidence before Fedpseak from Richmond Fed President Barkin and Atlanta Fed President Bostic provide the highlight.

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