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Marginally Pressured

US TSYS

Spillover pressure from ACGB's, in lieu of the minutes of the RBA October policy meeting, have seen tsys marginally pressured in recent dealing. TYZ3 sits at 107-05, -0-01+, having found support ahead of 107-02+ the low from Oct 10. Cash tsys are ~1bp cheaper across the major benchmarks.

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