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NY High In TY Capping Bid

US TSYS

TYM3 has failed to breach its NY high (116-08) during the early Asia-Pac rally, running out of steam just ahead of that level before backing off a touch, while 2s failed to break 3.75% on the latest shunt lower in yields (the same happened in NY hours). Intermediates lead the rally at typing, with 3.5-4.5bp of richening seen across the wider Tsy curve, while a market contact flags particularly elevated volume across cash 5s and 20s.

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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