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Marginally Richer, But Tight Early On

US TSYS

Regional participants have been willing to buy Thursday’s post-Asia dip in early cash Tsy trade on Friday, with the major cash Tsy benchamrks running little changed to ~1bp richer across the curve. That allowed TYM2 to tick higher around the cash re-open, but the contract has eased back from best levels to last trade -0-04 at 122-25+, operating within the confines of a narrow 0-05 range thus far. Headline flow has been on the light side once again, while there is a lack of key event risk slated for Asia-Pac hours.

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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