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TYZ1 Sees Fresh Session Lows

US TSYS

T-Notes are happy to trade lower again, last -0-09 at 130-22, registering fresh session lows in the process, while cash Tsys run 2.0-3.5bp cheaper across the curve as the belly continues to provide the weak point. 5-Year Tsy yields have registered the highest level witnessed since Feb '20 in recent dealing. While there isn't much in the way of fresh headline triggers it may be the case that the market is looking favourably at the roughly in line with exp. Chinese Q3 GDP data (which only saw a marginal miss), given the recent worry re: the Chinese economy.

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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