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Nudging Away From Lows

US TSYS

Tsys firm a touch in recent trade, still benefitting from today’s round of PBoC inaction, with weakness in Chinese equities and U.S. e-mini futures providing support. Meaningful macro headline flow has been light over the last hour or so, with little impact garnered from city officials pointing to positive steps when it comes to the Chinese city of Shanghai’s fight against COVID. TYM2 -0-08 at 118-27+ last, while cash Tsys are 0.5-1.5bp cheaper across the curve.

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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