Steeper On Offshore Dynamic

Little to note on the domestic front, with the curve steepening in Sydney hours on the back of the broader risk impulse (namely through U.S. Tsys and e-minis). While there has been nothing in the way of overt triggers during Asia-Pac hours, some positive musings re: COVID-19 treatment matters (albeit, developments that seemingly do not shift the vaccine timetable) during the NY- Asia crossover and the aforementioned FT story re: "the US is allowing a growing number of chip companies to supply Huawei with components as long as these are not used for its 5G business," are the probable drivers. YM -0.5, XM -3.0. Bills sit unchanged to -1 through the reds.