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Rangebound, Fiscal Issues Remain Apparent

US TSYS

T-Notes -0-01 at 133-02 at typing, sticking to the confines of a narrow 0-01+ range thus far, while cash Tsys are flat to 0.5bp richer across the curve. Fiscal headwinds remain apparent, as evidenced by the previously flagged Axios report pointing to a lack of breakthrough re: the matter after talks between President Biden & Key Democratic Senator Manchin yielded no progress. The previously touted screen buying of the TYZ1 131.00/130.00 put spread has headlined on the flow side.

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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