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Pressured In Asia

US TSYS

TYZ3 deals at 105-19, -0-13, a 0-11 range has been observed on volume of ~125k.

  • Cash tsys sit ~5bps cheaper across the major benchmarks.
  • Tsys have been pressured in today's Asian session, local participants faded Friday's richening alongside weakness in Oil and Gold as escalation fears in the Israel/Hamas conflict eased.
  • In early dealing spillover from JGBs weighed after a Sunday article in the Nikkei newspaper reported that BOJ officials are pondering whether to tweak the settings of the yield-curve control program at the upcoming policy meeting.
  • Support in TY comes in at 105-10+, low from Oct 19 then 104-27+ 2.0% 10-DMA Envelope.
  • The docket is thin today with just the Chicago Fed National Activity Index due.

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