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Marginally Richer Start

US TSYS

Cash tsys have opened dealing ~1bp richer across the major benchmarks. Asia-Pac participants have faded the move late in the NY session, as tsys were pressured into the close, perhaps focusing on the ongoing US regional bank concerns. TYM3 deals at 116-05, +0-03+, at the top of the observed 0-04+ range.

  • There is a thin data calendar in Asia today leaving participants on headline watch.

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