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Little Changed Early On

US TSYS

A modest uptick for e-minis (with most of the major U.S. banks declaring an uptick in dividends after the Fed posted its stress test results last week) has applied incremental pressure to U.S Tsys, with the major cash benchmarks dealing little changed to 1bp cheaper shortly after the re-open. Meanwhile, TYU2 has edged lower in recent dealing but sticks within the confines of the 0-04 range that was established in early Asia trade, last -0-02 at 116-24.

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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