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Asia Happy To Sell Ahead Of CPI

US TSYS

Cash Tsys sit 1.5-2.5bp cheaper shorty after the re-open, with regional participants seemingly happy to sell ahead of the Mar CPI print due in NY hours, allowing 10+-Year yields to register fresh cycle highs in the process. The curve has seen some very light bear steepening, although the move is pretty parallel beyond 3s. TYM2 operates above worst levels of the day, -0-07 at 119-17. Headline flow has been muted since the re-open.

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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