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US TSYS

Cash Tsys have opened 1-2bp cheaper across the major benchmarks. TYH3 deals at 113-02+, +0-01+, a touch off the base of its narrow 0-04 range. Asia-Pac participants are reacting to the late NY weakness that was triggered by a soft 30-Year auction result, with the rally from lows into the close offering regional shorts a chance to enter. Only 30-Year yields have managed a look above their late Thursday peak.

  • On the wires shortly we have the RBA's SoMP, further out in Asia CPI and PPI data from China crosses.

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