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Very Modest Cheapening Seen

US TSYS

TYZ1 showing though Tuesday's low to last print -0-03+ at 130-02, with the cash Tsy space running ~0.5-1.5bp cheaper on the day at typing. An uptick in the USD is helping to apply modest pressure to the space. Headline flow remains light, with U.S. Secretary of Commerce Raimondo currently crossing the wires, reaffirming the broader U.S. trade stance when it comes to China & the Asia-Pacific region on the whole.

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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