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Flatter Early On

US TSYS

Bursts of activity have defined futures trade thus far. TYM2 pulled lower ahead of the cash re-open, with little in the way of meaningful headline catalysts observed. The contract has registered fresh session lows in recent dealing, but Thursday’s trough remains intact. TYM2 last -0-05 at 118-19, 0-02+ off worst levels, with cash Tsys running little changed to 3bp cheaper, extending on Thursday’s bear flattening as 2s lead the way lower.

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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