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Slightly Richer In Asia-Pac


TYU3 is currently trading at 112-27, +03+ versus NY closing levels.

  • Cash tsy yields are trading 1.1bp to 1.7bp lower across major benchmarks in Asia-Pac trade with the 5-year outperforming.
  • Outside the release of Japan’s May CPI there has been few meaningful drivers in the Asian session.
  • The remainder of today’s session is relatively thin in terms of data releases with flash PMIs for the UK, Germany, the Eurozone and the US as the highlights. UK retail sales are also out.
  • Japan’s sovereign debt is emerging as the most appealing outside the US. That’s the finding of a Bloomberg analysis of 24 government bond markets globally based on 10-year yields, currency-hedge costs and volatility. (See link ICYMI)

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