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Rolls Continue To Dominate

US TSYS

Narrow ranges remain in play during early Asia-Pac trade given the lack of notable news flow, with T-Notes last -0-01+ at 132-29+, while cash Tsys have seen some modest twist steepening as 20s provide the weak point on the curve, cheapening by a modest ~1.0bp as of typing. T-Note volume hovers around 200K, although ~150K of that has come via the roll, with the latest estimates pointing to ~65% of the TY roll being completed at present.

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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