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Losses Consolidated

US TSYS

The last hour or so has been a little more sedate, with Tsys consolidating the bulk of their early Asia-Pac session losses. As a reminder, the cheapening took place even with nothing in the way of tangible headline drivers evident, pointing to setup for the Mar CPI print/purely flow-driven moves. That leaves TYM2 -0-11 at 119-13, 0-02 off the base of the early 0-14+ range. Meanwhile, cash Tsys are ~4bp cheaper across the curve.

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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