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US TSYS

TYU2 has pushed higher to deal +0-09+ at 116-02+ at typing, operating 0-01+ shy of best levels (and Tuesday’s session high as well) amidst a continued lack of notable macro headline flow.

  • The move higher comes amidst a downtick in major crude benchmarks and U.S. e-mini futures, with some spillover evident from a bid in Aussie bonds and defensively-tilted flows observed in the G10 FX space.
  • Cash Tsys run flat to 1.5bp richer across the curve, with the belly leading the bid.

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