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Cash Bonds Have Opened Little Changed

US TSYS

TYH4 is trading at 112-13+, -0-03 from NY closing levels.

  • Cash US tsys have opened little changed after finishing the NY session also little changed. Trading was choppy following the release of the December FOMC Minutes.
  • The minutes were balanced but with a dovish tone as officials noted diminished inflation and the need to start a discussion of QT wind down.
  • The market’s focus now turns to ADP private employment later today, followed by December employment data on Friday.

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