Tsys have firmed a touch in early Asia trade, with participants seemingly willing to fade the NY cheapening, which lacked a meaningful headline driver. E-minis have squeezed higher, with the broader DXY marginally lower in FX trade.

• That leaves the major cash benchmarks running 1-2bp richer across the curve, with TY2 dealing 0-00+ off the peak of its early 0-06 range, last +0-05 at 110-27+.