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Slightly Cheaper In Early Cash Trade

US TSYS

There has been a bit of a cheapening impulse since the cash re-open, with regional participants perhaps willing to sell into Monday’s London-NY rally, leaving TYM2 unch. at typing, printing 121-22+, at the base of an early 0-09 range. Meanwhile, cash Tsys are 0.5-2.0bp cheaper on the day, bear flattening as 2s lead the way lower. There hasn’t been anything in the way of meaningful headlines cross during early Asia-Pac hours.

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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