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A Little Firmer

US TSYS

Pressure for the bulk of the major regional equity indices on the back of the potential for a swifter tightening of monetary policy in the U.S. may be providing some cushion for U.S. Tsys in early Asia-Pac dealing (after the latter cheapened on Wednesday). TYH2 last +0-05, printing 129-00, which represents the peak of the 0-05+ range witnessed thus far. Cash Tsys run ~1-2bp richer on the day, bull flattening. Headline flow remains relatively light, with little in the way of fresh themes to counter the impulse from the release of the December FOMC meeting minutes.

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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