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US TSYS

Cash tsys have opened dealing 1-2bps cheaper across the major benchmarks, light bear steepening is apparent. Tsys have ticked lower in today's session, TY has breached Monday's lows. There doesn't seem to be an overt headline driver, the potential extension of the Israel/Hamas truce may be weighing at the margins. TYZ3 deals at 108-11+, -0-01, a 0-03+ range has been observed.

  • A thin docket in Asia today leaves participants on headline watch.

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