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Cheaper Start As Cash Reopens

US TSYS

Cash Tsys have opened 0.5-3bp cheaper after the elongated weekend, with some light bear steepening apparent, playing catch up to Monday's moves in curtailed futures trade. TYH3 deals at 114-23, -0-01+, in the middle of its narrow 0-03+ range observed this morning.

  • Participants will be keeping a close eye on JGBs for potential spillover from any pre-BOJ volatility.

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