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Futures Richer But Off Bests, Cash Curve Twist Flattens

US TSYS

TYU3 is currently trading at 113-16, +10 from NY closing levels, after reaching Friday’s high at 113-19+.

  • After Memorial Day holiday, the cash tsy curve twist flattens with yields lower beyond the 2-year, which is 0.6bp higher. The 2-year had been as much as 3.3bp higher in early Asia-Pac trade.
  • Among the benchmarks, the standout performer is the 20-year, which has witnessed a 5.8bp decline, currently yielding at 4.092%. The 10-year.
  • With the calendar light in Asia, local participants have been on headlines watch.

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