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Off Cheaps, Move From Lows In ACGBs Helps

US TSYS

Tsys have stabilised away from session cheaps, looking to the post-RBA SoMP move in ACGBs for some steer, while an in line Chinese CPI print, alongside a softer than expected Chinese PPI showing, has provided little impetus for the space. TYH3 deals +0-03 at 113-04, 0-02 off the top of a limited 0-05+ range. Meanwhile, wider cash Tsys run 0.5-1.0bp 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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