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Cheaper At Cash Re-Open

US TSYS

A fairly parallel shift higher across the curve in yield terms after the cash Tsy re-open. A reminder that Asia-Pac trade was limited by the closure of cash Tsys on the back of a Japanese holiday. Yields are ~2bp higher across the curve early on, while TYM2 has broke below its overnight trough, dealing -0-10+ at 118-06, now operating in a 0-09 range. The move comes alongside a fresh leg lower in the Aussie bond space, with no major headline flow observed.

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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