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Tight, Awaiting Catalyst

US TSYS

T-Notes meandering along in a narrow 0-02 range thus far, last -0-01+ at 132-27+, with cash Tsys trading unchanged to ~0.5bp cheaper across the curve. There has been nothing in the way of meaningful market flow. There has also been a lack of meaningful macro headlines. Details surrounding the high-level Sino-U.S. phone call (involving the senior trade negotiators on both sides) were sparse, although the dialogue was deemed constructive and candid, as both parties expressed the importance of their bilateral relationship.

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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