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The marginal uptick in e-minis helps cash...>

US TSYS
US TSYS: The marginal uptick in e-minis helps cash Tsys edge cheaper at the
re-open, with yields sitting 0.2-0.9bp higher across the curve at typing.
Analysts are becoming increasingly wary re: the potential for convexity hedging
flows if the lower end of the recent 10-Year yield range is broken (~0.54%).
- The bump higher in e-minis also applied light pressure to T-Notes, although
the contract is still operating within a 0-02 range last -0-05+ at 139-10+.
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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