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Gains Marginally Extend

US TSYS

Tsys have marginally extended their gains in Asia, the USD is pressured and e-minis are a touch firmer. This leaves cash tsys 1-3 bps richer across the major benchmarks, the curve has bull steepened. TYM3 deals at 115-19+, +0-03, a touch off the top of the observed 0-04+ range.

  • Official PPI and CPI from China will cross shortly.

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