Nudging Higher Again, Well Shy Of Early Peaks

TYM2 operates just above the mid-point of its wide 1-15 Asia session range, last dealing +0-21+ at 128-06, with volume topping 400K lots already on the session. Cash Tsys run 5.0-7.5bp richer on the day, with the belly leading the bid. There hasn’t been much in the way of notable headline flow since the whipsaw price action surrounding the shelling and subsequent fire around a Ukrainian nuclear power plant (which is the largest of such facilities in Europe). It would seem that there was nothing in the way of major damage to the key areas of the facility during the attack. Tsys still operate some way off of highs, but caution is still evident, with the space observing a fresh round richening over the last couple of hours or so.