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.