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Friday’s Yield Peaks Hold, Curve Twist Flattens

US TSYS

Cash Tsys sit 0.5bp cheaper to 0.5bp richer across the curve, twist flattening, pivoting around 5s. Tsys have gradually ticked away from session cheaps after a lack of follow through on the initial move higher in yields at the cash re-open. Note that none of the major cash Tsy benchmarks managed to better their respective Friday yield peaks during the early move. TYM3 is +0-02 at 114-29+, at the peak of a narrow 0-04+ range after failing to test Friday’s base.

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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