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Marginally Richer

US TSYS

Tsys have firmed off session lows in recent dealing, there was no obvious headline driver and the moves was seen alongside e-minis erasing early losses. Ranges remain narrow and little meaningful macro newsflow has crossed. Cash tsys sit ~1bp lower across the major benchmarks. TYU3 deals at 109-16, +0-07, a 0-04+ range has been observed.

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