Tsys nudged firmer during early Asia-Pac trade, aided by the previously alluded to screen flow in TY futures and a downtick in e-minis (which have moved away from Friday’s highs), before backing away from best levels. That leaves the major cash Tsy benchmarks sitting little changed to 1bp richer, with a modest steepening bias as the ranges in the major benchmarks remain somewhat contained. TY futures last deal +0-03+ at 112-28+, sitting in the middle of a narrow 0-04+ range. Macro headline flow has been fairly limited thus far. Immediate focus is on the Japanese government’s BoJ leadership nominations, with the spectre of Tuesday’s U.S. CPI print limiting activity.

US TSYS: Tight Ranges In Play Ahead Of Key Risk Events

Last updated at:Feb-14 01:51By: Anthony Barton

Tsys nudged firmer during early Asia-Pac trade, aided by the previously alluded to screen flow in TY futures and a downtick in e-minis (which have moved away from Friday’s highs), before backing away from best levels. That leaves the major cash Tsy benchmarks sitting little changed to 1bp richer, with a modest steepening bias as the ranges in the major benchmarks remain somewhat contained. TY futures last deal +0-03+ at 112-28+, sitting in the middle of a narrow 0-04+ range. Macro headline flow has been fairly limited thus far. Immediate focus is on the Japanese government’s BoJ leadership nominations, with the spectre of Tuesday’s U.S. CPI print limiting activity.