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Limited Pre-FOMC Asia Session

US TSYS

The cocktail of a Japanese holiday and proximity to Wednesday's FOMC decision has made for light Tsy trade thus far, with less than ~35K TYZ1 contracts changing hands. That particular contract last deals +0-01+, with the previously flagged downtick in oil & bid in ACGBs helping the move away from early session lows. A reminder that the Japanese holiday means that cash Tsys will not open for trade until London hours.

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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