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Weakness From ACGBs Weighs

US TSYS

The weakness in ACGBs (outlined elsewhere) and the regional reaction to Tuesday's moves in U.S. Tsys is weighing on the space, with TYZ1 now -0-09 at 130-09, while cash trade sees the major benchmarks cheapen by 1.5-3.0bp. 7s continue to the lead the weakness. The previously outlined 40K of cumulative lifts in the EDH2 99.625/99.500 put spread headlines on the flow side thus far.

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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