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Off Best Levels

US TSYS

Cash Tsys operate off of best levels, with the previously alluded to sources of modest pressure in JGBs & ACGBs resulting in some spill over, leaving the major cash Tsy benchmarks 1.5-4.0bp richer as the curve bulls steepens after the Thanksgiving holiday. TYZ2 is +0-09+ at 113-08, in the middle of its 0-05+ range. Macro headline flow has been limited, with another uptick in Chinese COIVD cases noted.

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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