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US TSYS

Cash tsys have opened dealing 1-4bps richer across the major benchmarks, the curve has bull steepened. Asia-Pac participants have faded Friday's post-NFP cheapening, perhaps focusing on the lower than expected average hourly earnings. The latest Sino-Taiwan tensions, as China simulated precision strikes on Taiwan during military drills over the weekend, may be adding a layer of support. TYM3 deals at 115-26+, 0-01, with a narrow 0-04+ range observed thus far.

  • A thin data calendar leaves local participants on headline watch in today's Asian session.

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