Free Trial

Rangebound Start


A limited start to Asia-Pac trade for TYM2 sees the contract last dealing -0-03, printing 119-18+, sticking to the confines of a narrow 0-05+ range thus far. Cash Tsys run flat to ~1bp cheaper on the session. There hasn’t been much in the way of meaningful macro headline flow to digest as of yet. Shanghai registered a third straight day of zero COVID transmission outside of quarantine facilities, which will validate the weekend announcement re: the commencement of a gradual re-opening of the city, starting yesterday (that 3 day watermark was the litmus test when it comes to pursuing re-opening). This may be applying very light pressure to the space.

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

To read the full story



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.