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Trading Subdued With Light Bear Flattening Still In Play

US TSYS

TYU2 managed to register a fresh session low in recent dealing before recovering from worst levels, last -0-01+ at 118-25+, operating within a 0-06+ range thus far. Cash Tsys run 0.5-2.5bp cheaper across the curve, with the front end still leading the weakness. There has been little to add on the headline front over the last couple of hours. E-minis are off of worst levels, just below neutral, while the major regional Asia-Pac equity indices lack meaningful traction in either direction.

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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