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ACGB Spill Over Adds Incremental Support

US TSYS

The spill over from the impulse in ACGBs in lieu of Q4 wage data out of Australia nudges Tsys further away from early session cheaps, leaving the major benchmarks running 0.5-2.0bp richer across the curve, as the belly lags and the wings lead. TYH3 trades at best levels of the day as a result, last +0-02 at 111-04, operating at the top of a 0-05+ range.

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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