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Losses Marginally Extend As TY Breaks Wednesdays Lows

US TSYS

Tsys have been pressured through the Asian session, TY broke recent lows before marginally paring gains. The move came alongside a cheapening in ACGBs and NZGBs. This leaves cash tsys 2-3bps cheaper across the major benchmarks. TYU3 deals at 111-07+, -0-04, a touch off the base of the 0-09 range.

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