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Marginally Cheaper Start

US TSYS

Cash tsys have opened dealing ~1bp cheaper across the major benchmarks. Local participants are digesting yesterday's bear steepening, the 10 Year Yield printed a fresh cycle high. TYZ3 deals at 108-05, -0-00+, a narrow 0-02+ range has been observed.

  • A thin docket in Asia leaves participants on headline watch.

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