Free Trial

Off Lows As Oil Turns

US TSYS

Modest negative pressure for wider equity markets and a turnaround for crude oil futures (WTI was +$1 or so higher earlier in the session, but is now -$1) has seemingly allowed Tsys to find a bit of a base, although the wider cash space is still cheaper on the day, with the major benchmarks running 2-3bp cheaper on the session. TYU2 deals +0-01+ at 119-30, 0-06+ off session lows, with a block buyer in TYU2 (+3.3K) aiding the move away from lows in recent dealing. Wider macro news flow remains light at best.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.