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Tight Start

US TSYS

TYH2 settles into a 0-02 range early on, with thinner market conditions in play owing to the observance of the LNY holiday across several major Asia-Pac financial centres. There has been a lack of macro headline flow thus far, leaving the contract -0-00+ at 127-27+. Cash Tsys run little changed to 1bp cheaper across the curve, with modest bear steepening in play.

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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