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Stagnant

US TSYS

A stagnant start to Asia-Pac trade, with the closure of cash Tsy dealing until London hours owing to the previously flagged Japanese holiday (in addition to further holidays across Singapore & China) limiting activity thus far. TYM2 trades in a narrow 0-03+ range as a result, on volume of ~13K, last +0-02 at 118-13. A lack of headline flow and the proximity to Wednesday’s FOMC decision is also hampering activity in the space. Eurodollar futures sit unchanged to -1.5 through the reds, once again, on very light volume.

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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