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Now A Little Steeper

US TSYS

T-Notes have dipped over the last hour or so, but continue to hold to a tight range, last -0-02 at 137-04+, with a sense of normality coming back to the fore re: procedural matters in DC as GOP Senate members rolled back their objections to the certification of the Electoral College count. Still, calls for Trump's impeachment have grown, while there are suggestions that senior members of Trump's staff could resign from roles in the coming days. Notable Asia-Pac buyers haven't showed their hand as of yet, with the fiscal dynamic in the U.S. perhaps sidelining them (as we suggested may be the case earlier). The curve has bear steepened, with 30s sitting 1.5bp cheaper vs. closing levels at typing. E-minis are higher, but still shy of yesterday's best levels.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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