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Off Lows, Still Tight

US TSYS

Cash Tsys have found a bit of a bid in recent trade, with the major benchmarks now little changed to 1bp richer, while TYU2 is +0-05+ at 118-14, 0-01 off the peak of its 0-07 range. A bid came in around the same time that RTRS headlines noted that U.S. Senate Democratic Leader Schumer is looking to hold an all-Senators classified briefing on semiconductor chips and the global technology race at some point next week. Elsewhere, BBG reports that noted that U.S. President Biden is set to meet with his advisers to discuss cutting China tariffs on Friday had little impact.

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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