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US TSYS

TYH3 sticks to a narrow 0-02+ range to start, last -0-03 at 113-14+. The major cash Tsy benchmarks are virtually unchanged across the curve, hovering around late NY levels, within touching distance of Thursday’s session cheaps. Macro news flow remains light, with a generally in-line with expected uptick in Japanese CPI noted, and little crossing the wires since U.S. President Biden stressed that it will take time for inflation normalise, in an op-ed released during the NY-Asia handover.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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