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Off Best Levels, Curve Twist Steepens


Tsys have now backed away from firmest levels of the session, with e-minis regaining some poise after the North Korean missile launch initially supported Tsys and applied light pressure to e-minis.

  • The lack of damage to Japanese assets seemingly allowed Tsys to back away from best levels of the day, even as the likes of Japan and South Korea criticised the latest round of North Korean provocation.
  • The major cash Tsy benchmarks run 2.5bp richer to 1bp cheaper across the curve, pivoting around 7s, with the curve twist steepening
  • TYZ2 is last +0-02 at 113-08+, 0-01+ off session lows.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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