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Curve Marginally Steeper

US TSYS

The tsys curve sits marginally steeper in the Asian session, the front end has unwound early losses with the belly and the long end holding cheaper. Ranges remain narrow and there has been little in the way of meaningful macro news flow in recent dealing. Cash tsys sit flat to 2bps cheaper. TYZ3 deals at 107-05, -0-01+, a touch off the base of the 0-04 range.

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