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Marginally Richer Start

US TSYS

Cash tsys are ~1bp richer across the major benchmarks in early dealing. Asia-Pac participants have continued the move seen in the NY session post the 3 Year auction which facilitated a recovery off session lows. Little meaningful macro news flow has crossed in early Asian Trade. TYM3 deals at 115-07+, +0-01+ at the top of the narrow 0-02+ range.

  • A thin data calendar in Asia-Pac today leaves participants on headline watch.

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