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US TSYS: Tsy Yields Marginally Lower, Ignoring JGB Yield Spike On Potential BoJ Exit

US TSYS

TYH4 is trading at 111-11+, + 04+ from NY closing levels.

  • JGB yields rose sharply as traders brought forward bets on BoJ hikes. There was little spill over to UST yields though. US Tsys yields were lower today with the 2Y 1.1bps lower while the 10y is 1.6bps lower, reflecting a slight flattening in the curve.
  • It was quiet in terms of dedicated US news flow today, other than Trump winning New Hampshire Rep Primary, while Nikki Haley has confirmed she will not be dropping out of the race.
  • Later tonight, flash US PMIs, the BoC decision and 5Y supply

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