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Curve Marginally Steeper In Asia

US TSYS

TYU3 deals at 112-11, +0-02+, a touch off the top of the 0-05 range on volume of ~65k.

  • Cash tsys sit 4bps richer to 1bp cheaper across the major benchmarks, the curve has twist steepened pivoting on 20s.
  • The short end of the curve marginally extended its move seen post US CPI yesterday, TU sits above Wednesday's high.
  • Ranges were narrow with little follow through on moves for the majority of the session. Little meaningful macro news flow crossed in Asia today.
  • In Europe today May's GDP release from the UK provides the highlight. Further out we have June PPI and Weekly Initial Jobless Claims. Fedpseak from SF Fed President Daly crosses. We also have the latest 30-Year Supply.

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