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T-Notes hover around their late Monday......>

US TSYS
US TSYS: T-Notes hover around their late Monday lows after the risk-positive
matters mentioned elsewhere applied pressure to the space and the contract more
than reversed the bid apparent in Asia-Pac hours. Contract last -0-05+ at
138-18.
- A FV/TY steepener block was in line with the broader theme apparent in NY
hours, although total TY volume was a little subdued vs. recent daily averages.
- Space seemingly happy to look through the latest round of threats from North
Korea in the NY/Asia crossover.
- Little to move the broader needle apparent on the Asia-Pac docket, so focus
will likely fall on headline flow and the latest COVID-19 developments out of
China.
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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