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Light Bias Lower Extends Downtick From NY Highs

US TSYS

TYH3 deals in the middle of its 0-06 range, -0-06 at 114-05+, after the late NY downtick from session highs extended a touch in early Asia-Pac dealing, leaving the major cash Tsy benchmarks 0.5-1.5bp cheaper across the curve, with a light steepening bias apparent. Macro headline flow remains limited at best (no impact from a continued pullback in China’s daily new COVID case count).

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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