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Aussie CPI Helps Tsys Away From Session Cheaps

US TSYS

Tsys have regained some poise after the late NY/early Asia cheapening (which was linked to strong earnings from Alphabet & Microsoft, as well as encouraging deposit stabilisation at PacWest), with softer than expected inflation data out of Australia lending a hand. That leaves TYM3 -0-02+ at 115-23, while cash Tsys run 2bp cheaper to 1bp richer as the curve twist flattens, pivoting around 10s. The previously outlined 2.5K block buyer of FVM3 111.00 calls has headlined on the flow side.

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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