Free Trial

Under Some Light Pressure In Lieu Of UK Labour Market Data

US TSYS

Tsys unwind some of the Asia-Pac rally on the back of the firmer than expected UK labour market data suite, which included upside surprises for the major wage metrics. Still, TYU3 operates within the range established overnight, +0-05 at typing. Cash Tsys are flat to 1bp richer, with some modest bull steepening apparent. A quick reminder that the PBoC’s move to lower short-term reverse repo rates biased yields lower overnight, before the related rally in risk assets tempered the move.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.