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Holding Cheaper

US TSYS

The previously flagged uptick in the Hang Seng has provided some modest support for e-minis and some fresh, albeit equally modest, pressure for U.S Tsys. TYM2 last -0-10 at 121-29+, with the early base of the contract’s 0-06 Asia range being respected thus far. Cash Tsys run 2.5-3.5bp cheaper on the day, with the longer end now underperforming after the early bear flattening impulse gave way.

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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