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Marginally Richer


Cash tsys have opened ~1bp richer across the major benchmarks. TYH3 deals at 113-11, +0-03+, with a narrow 0-04 range observed thus far.

  • Asia-Pac participants are perhaps focusing on Powell's reiterated comments on disinflation as well as fading the corporate issuance driven softness seen late in the NY session.
  • A thin data calendar in Asia leaves participants on headline watch.

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