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Cash Bonds Open Slightly Cheaper, CPI Data On Tuesday

US TSYS

TYM4 is trading at 111-25, +0-01+ from NY closing levels on Friday.

  • Cash tsys have opened flat to 1bp cheaper in today’s Asia-Pac session, with a slight flattening bias.
  • This comes after cash US tsys finished marginally richer on Friday following the release of the February US Employment Report. The US 2-year yield declined initially to 4.40% from 4.49% after data, before closing 3bps lower at 4.47%. The 10-year yield finished 1bp lower at 4.07%.
  • Focus now turns to next week Tuesday's CPI release, the last key data point ahead of the March FOMC meeting (19-20 march).

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