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Cash Tsys Slightly Richer In Asia-Pac Trade Ahead Of A Busy Global Calendar

US TSYS

TYU3 is currently trading at 114-14+, -0+ from NY closing levels in early Asia-Pac trade.

  • Cash tsys are 0.5-1.4bp richer across benchmarks with the curve slightly steeper at the opening of Asia-Pac trade ahead of a round of PMI data in the Asian session.
  • Today’s agenda is also filled with important US data releases, including the ADP Employment report, ISM Manufacturing Index, final figures for Unit Labour Costs and Productivity in Q1, Challenger job cuts, and weekly Initial Jobless Claims. These releases will set the stage for Friday's highly anticipated Non-Farm Payrolls report.

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