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Weak To Start The Year

US TSYS

TYH4 is trading at 112-15, -0-13+ from NY closing levels on Friday. There has been little in the way of meaningful news flow today other than a slightly higher-than-expected China Caixin Manufacturing PMI (50.8 vs. 50.3 est.).

  • Today's move comes after US tsys exhibited a mixed performance on Friday after recovering from early losses. The market lacked any significant driving force, primarily witnessing position adjustments following a week of volatile activity and a remarkable two-month rally.
  • As a reminder, there has been no cash US tsy dealings in today's Asia-Pac session with Japan closed for a public holiday.

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