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Steady As She Goes

US TSYS

A non-committal start to the week for the space, with T-Notes last +0-01+ at 132-15+, sticking to a 0-02+ range thus far, on volume of ~44K. Participants have looked through the latest round of headlines pointing to greater regulatory oversight for commodities markets in China, with authorities pointing to excessive speculation as a key driver in the recent run up in domestic commodity prices, vowing a zero tolerance policy re: monopolies operating in the space (the benchmark Chinese metal futures trade ~4-7% lower on the day at typing as a result). Yields are little changed across the cash Tsy curve.

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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