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Holding Cheaper

US TSYS

Tsys are holding cheaper in today's Asian session, briefly firming after unscheduled bond buying from the BOJ saw JGBs firm which spilled over into the wider space. However the move higher in Tsys was quickly pared. This leaves cash tsys ~2bps cheaper across the major benchmarks. TYU3 deals at 111-08, -0-03, a touch off the base of the 0-08 range.

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