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Richening Extends, TYH3 Through 200-DMA

US TSYS

The ACGB and JGB inspired-richening has extended in recent trade, with a smoothly digested 20-Year JGB auction further facilitating the bid.

  • There are also technical forces at work. TYH3 has dealt though its 200-DMA after breaching yesterday's peak, while 5- , 7- and 20-Year yields are also showing below their own 200-DMAs.
  • Cash Tsys are ~4-5bp richer across the major benchmarks. TYH3 deals at 116-08, +0-11, at fresh session highs, with 10K of cumulative screen lifts helping the contract extend beyond its 200-DMA.

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