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Richer Early On

US TSYS

Tsys continued to squeeze higher in early Asia dealing, with regional participants clearly attuned to the previously flagged lack of recognition from Russia after Ukraine requested a Presidential level phone call, while Russia troop movements and positions near government-controlled Ukraine and Russia’s move to close airspace along the Ukrainian border continuing to generate angst. TYH2 +0-04 at 126-13 as a result, 0-01 off the top of the early 0-08 range, while cash Tsys run 2.0-3.5bp richer across the curve, with 5s leading.

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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