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T-Notes Tight, Light Underperformance In Front End

US TSYS

TYZ1 back to late NY levels, last dealing -0-06+ at 130-31, after a very modest uptick in early Asia-Pac trade. The contract has stuck to a 0-04+ range thus far. Cash Tsy dealing sees yields run 0.5-1.5bp higher across the curve, with the front end leading the cheapening on the back of spillover from NY dealing and RBA inaction when it comes to YCT.

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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