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Tight Start, Chinese Equity Matters Eyed

US TSYS

Most of the early Asia focus has fallen on comments from the Chinese state-run media outlets, as they look to play down worry re: systemic risks in the Chinese equity space and cite analysts pointing to the potential for further fiscal support as we move through 2021. There hasn't been anything in the way of notable impact on the U.S. Tsy space, with a narrow 0-03 range in play for T-Notes thus far, the contract deals -0-02+ at 134-12+ as I type. The major cash Tsy benchmarks print unchanged to 0.5bp cheaper the curve early on.

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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