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Holding Marginally Cheaper

US TSYS

Tsys are holding cheaper in Asia, a brief bid on spillover from ACGBs in lieu of a weaker than forecast CPI print in Australia did not follow through leaving tsys a touch off session lows. Cash tsys are ~1bp cheaper across the major benchmarks. TYU3 deals at 111-23, +0-03+, a 0-04+ range has been observed thus far.

  • A thin docket for the remainder of the Asian session leaves participants on headline watch.

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