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Very Modest Bid Seen

US TSYS

TY futures have printed a fresh session high in recent dealing, perhaps aided by the latest round of credit worry surrounding the Chinese property developer sphere (Greenland asked for a maturity extension on a USD-denominated bond issued by the company), although the move was incremental, with the contract operating within the confines of a narrow 0-07 range. Cash Tsys run little changed to 1bp richer across the curve, with 2s leading.

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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