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Relatively Listless Outside Of Bursts Of Flow

US TSYS

T-Notes last -0-01 at 131-24+, while cash Tsys are virtually unchanged across the curve. The space is looking for a catalyst to latch onto, with T-Notes holding to a very narrow 0-03+ range thus far. The previously outlined block buy of FVZ1 futures and earlier burst of activity in Eurodollar futures have provided the only notable points of activity thus far, in what has been a subdued session. Comments from the Chinese policymaking sphere re: the goal of common prosperity are doing little for broader markets, with more focus on the economic headwinds and power consumption issues that the country faces at present.

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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