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Marginally Firmer As USD Struggles & E-Minis Tick Higher

US TSYS

Very modest richening in early cash Tsy trade, with the major benchmarks running 1-2bp richer across the curve as the USD struggles and e-minis tick higher. TYZ2 is +0-03 at 112-20, operating just off the top of a narrow 0-05 range.

  • Headline flow remains limited, with no impact from the latest North Korean missile launch.
  • Cross-asset flows will likely remain at the fore in Asia, outside of meaningful headline flow, with participants eying Thursday’s deluge of Fedspeak and Friday’s NFP print.
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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