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Cash A Touch Cheaper

US TSYS

TYZ1 sticking to a narrow -0-03 range thus far, last unch. at 130-21, at the bottom of the range observed since the re-open. Cash Tsys have cheapened by 1.0-1.5bp across the curve, with the pre-RBA weakness in ACGBs resulting in some light spillover selling. There hasn't been much in the way of headline flow to absorb, outside of the Chairman of the House Rules Committee, McGovern, noting that a House panel is likely to meet on Wednesday re: discussions surrounding President Biden's spending plan.

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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