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Richening Holds Through Asian Session

US TSYS

TYH3 deals at 112-12, +0-06, a touch off the top of its 0-06+ range on light volume of ~5k

  • The early richening has extended a touch through the session with cash tsys running 0.5-3bps richer with the belly leading the strength.
  • With limited macro newsflow and thin volume through Asia-Pac today, local participants faded the cheapening seen through the Europe and NY sessions yesterday.
  • There is a thin data calendar in Europe today, further out US Initial Jobless Claims is the main point of interest ahead of a 7Y auction.

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