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Twist Steepening To Start The Cash Tsy Week

US TSYS

T-Notes operate within the confines of a 0-02 range thus far, last printing unchanged at 132-21+. Cash Tsys have seen some twist steepening after the elongated weekend, with the major benchmarks printing 0.5bp richer out to 3-Years, while 30s have cheapened by 1.5bp early on. Xiaomi's mandate for conventional $-denominated 10s and the potential for conventional $-denominated 20s and a 30-Year green $ line from the same issuer may have placed some weight on the long end.

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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