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Tsy trade has been fairly limited...........>

US TSYS
US TSYS: Tsy trade has been fairly limited overnight, with the space grinding
higher on broader risk aversion & unscheduled BOJ JGB buying ops, unwinding a
modest chunk of Wednesday's sell off with 10-Year Tsy yields back below 3.00%
after closing above the figure on Wednesday.
- The curve is a touch flatter following the steepening that was observed on
Wednesday.
- As a reminder the FOMC held the fed funds rate target steady, in a unanimous
decision on Wednesday, with very few notable changes to the overall statement,
outside of the upgrade in language re: economic activity, to strong from solid.
- Eurodollars sit a touch higher in the main.
- Focus now falls on Thursday's BOE MonPol decision, followed by Friday's NFP
release.
- T-Notes last at 119.09, U.S. 10-Year cash Tsy yields last at 2.986%.
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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