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Richer So Far In Asia-Pac Dealings

US TSYS

TYH4 is currently trading at 110-02, +0-08+ from NY closing levels.

  • Cash tsys have opened in the Asia-Pac session with yields 1-2bps lower after yesterday’s month-end selling.
  • There has been little in the way of newsflow so far in the Asia-Pac session.
  • Later today sees ISM manufacturing. Chicago PMI strength and other manufacturing surveys point to some upside risk, before Fed Chair Powell headlines the docket in a fireside chat at 1100ET including text. The FOMC media blackout begins Friday midnight ET.

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