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Longer-Dated Tsys Bid Ahead Of 20Y Supply

US TSYS
  • Treasuries have seen a bid ahead of 20Y supply at the top of the hour, with 20s currently sitting 3.5bps richer.
  • 20Y WI currently seen at 4.190% from earlier highs of 4.225%.
  • TYH4 has lifted to 112-21 but remains off early session high of 112-25+ and Fibo resistance at 112-18+.

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