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Settled Into Lower End Of Early Asia Range

US TSYS

TYH2 continues to operate within the lower confines of the range established in the early rounds of Asia-Pac trading, -0-12+ at 131-02, with the previously flagged tentative optimism surrounding the omicron COVID strain and higher crude oil futures keeping the space under water. Cash Tsys run 2.5-4.0bp cheaper across the curve, with the 7- to 10-Year zone leading the weakness. From a technical perspective, cash 10s have respected uptrend support drawn off the Aug ’20 lows.


Fig. 1: U.S. 10-Year Tsy Yield (%)

Source: MNI - Market News/Bloomberg

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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