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Cash Bonds Dealing Slightly Stronger

US TSYS

TYH4 is trading at 111-30, -0-03+ from NY closing levels.

  • Cash tsys are trading 1-2bps richer across benchmarks in today's Asia-Pac session.
  • There hasn’t been anything meaningful on the newsflow front other than Fed Bowman’s aftermarket comments, which flagged the potential to begin cutting interest rates at some point to prevent overly tight policy. She did however caution against expectations for cuts in the near term.
  • NFIB Small Business Optimism and Trade Balance data is due later today.
  • The market however remains focused on US CPI/PPI inflation measures on Thursday/Friday respectively.

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