Pare Gains To Sit Little Changed On Tuesday

TYZ3 deals at 108-07+, +0-04, in line with late NY levels.

• Cash tsys finished flat to 2bps cheaper, the curve was marginally steeper as the long end was marginally pressured.
• Tsys firmed in the European session after spillover from Bunds in lieu of a slightly larger than expected German supply reduction.
• Gains were marginally extended after the latest round of US data. Home Sales and Consumer Confidence were softer than forecasts.
• Tsys ticked lower through the NY session alongside pressure US equities and the greenback printing fresh YTD highs as post data gains were pared.
• CPI data from Australia provides the highlight in Asia today, further out we have Durable Goods. Fedpseak from Gov Bowman and Minneapolis Fed President Kashkari will cross. We also have the latest 5-Year Supply