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TYU3 Lifted, Space A Touch Firmer Alongside Wider Core Global FI

US TSYS

TYU3 sees paper pay 112-31+/113-00 on 2.5K, helping the contract to fresh session highs as wider core global FI markets see some light richening in early London hours. Benchmark cash Tsys run 2-3bp richer, with an incremental bull steepening bias apparent. We haven’t seen much in the way of a headline trigger, with equities and gold also bid, pointing to cross-market-derived flows.

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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