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Marginally Cheaper In Early Trade

US TSYS

Cash Tsys have opened 1-2bp cheaper across the major benchmarks with the broader Asia-Pac reaction to the hawkish guidance that accompanied the latest ECB monetary decision seemingly applying some modest pressure. TYH3 deals at 114-27, -0-02+, at the base of its narrow 0-03+ range. A thin data calendar leaves regional participants on headline watch ahead of the weekend.

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