TYH3 deals at 114-07+, +0-00+, in the middle of its 0-05+ range on volume of ~76k.

  • Cash tsys are closed until the London session today due to a Japanese holiday.
  • Tsys were pressured in early dealing as U.S. Equity futures started the week firmer and the USD weaker as local participants digested Friday's U.S. data, headlined by a weaker than expected US ISM services survey and wages data, although the unemployment rate did tick lower.
  • Early session lows were marginally extended on as optimism from China's re-opening saw an uptick in Hong Kong and mainland Chinese equities.
  • With limited macro headline flow and general liquidity impacted by the aforementioned Japanese holiday Tsys have remained in a tight range.
  • On the flow side, a 5.3K lift of the FVH3 110/112 call spread (delta hedged at 109-02, 23% delta) headlined.
  • In Europe today we have Eurozone unemployment. In the week ahead, Thursday's December CPI print provides the domestic data highlight.
  • Atlanta Fed President Bostic and SF Fed President Daly are on the wires today, although participants are looking ahead to Chair Powell's Tuesday remarks when it comes to Fedspeak.

US TSYS: Narrow Ranges As Cash Closed; CPI, Powell Headline Week

Last updated at:Jan-09 06:01By: Brendan McKeating and 1 more...
Bond Market News+ 2

TYH3 deals at 114-07+, +0-00+, in the middle of its 0-05+ range on volume of ~76k.

  • Cash tsys are closed until the London session today due to a Japanese holiday.
  • Tsys were pressured in early dealing as U.S. Equity futures started the week firmer and the USD weaker as local participants digested Friday's U.S. data, headlined by a weaker than expected US ISM services survey and wages data, although the unemployment rate did tick lower.
  • Early session lows were marginally extended on as optimism from China's re-opening saw an uptick in Hong Kong and mainland Chinese equities.
  • With limited macro headline flow and general liquidity impacted by the aforementioned Japanese holiday Tsys have remained in a tight range.
  • On the flow side, a 5.3K lift of the FVH3 110/112 call spread (delta hedged at 109-02, 23% delta) headlined.
  • In Europe today we have Eurozone unemployment. In the week ahead, Thursday's December CPI print provides the domestic data highlight.
  • Atlanta Fed President Bostic and SF Fed President Daly are on the wires today, although participants are looking ahead to Chair Powell's Tuesday remarks when it comes to Fedspeak.