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Holding Richer In Asia

US TSYS

Tsys have richened at touch further in recent dealing. This comes alongside an offer in USD/JPY, the pair reversing early gains as it met resistance at ¥132.65 the high from 20 March, which has spilled over into mild USD pressure. This leaves cash tsys 2-5bps richer across the major benchmarks, the curve has bull steepened. TYM3 deals at 114-10+, +0-06+, a touch off the top of the observed 0-08 range.

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