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US TSYS

Cash tsys have opened dealing ~5bps cheaper across the major benchmarks. US cash markets were closed yesterday for the observance of a national holiday, futures were pressured on Monday. TYU3 deals at 112-23+, -0-10, a touch off the bottom of the 0-02 range.

  • 1- and 5-Year Loan Prime Rates from China headline in Asia-Pac today, a 10bp cut is expected in the 1-Year LPR and 15bp cut in the 5-Year LPR.

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