October 05, 2023 04:10 GMT
Richer In Asia-Pac Dealings, Bull Steepening Extended
TYZ3 is currently trading at 107-07+, +0-04 from NY closing levels.
- Cash tsys are flat to 3bps richer across benchmarks in Asia-Pac dealings, with the curve steeper, as local participants extend the post-ADP employment data bull-steepening seen in yesterday's NY session.
- There hasn’t been much in a way of meaningful newsflow in the Asian session so far.
- Later today sees Weekly Claims, Trade Balance, and various Fed speakers: Cleveland Fed Mester, MN Fed Kashkari, Richmond Fed Barkin, SF Fed Daly and Fed Vice Chair Barr.