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TYM4 Testing Yesterday's Low

US TSYS

TY bears are threatening a clean break of yesterday’s low (108-05+), with weakness in gilts weighing on Tsys in early London trade.

  • Lows of 108-05 seen thus far. A clean break lower would expose nearby round number support at 108-00.
  • Curve twist steepens with yields 0.5bp lower to 3.0bp higher.
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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