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US TSYS

Cash tsys have opened dealing 1bp cheaper to 1bp richer across the major benchmarks, the curve has twist flattened pivoting on 10s. Asia-Pac participants are looking ahead to CPI data on Tuesday and the latest FOMC rate decision due on Wednesday.

  • TYU3 deals at 113-12+, unchanged from Friday's settlement levels. The contract gapped lower at the open, despite the absence of a headline driver, before ticking away from session lows.
  • A thin data calendar in Asia-Pac today leaves participants on headline watch.

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