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Marginally Richer Start

US TSYS

Cash tsys have opened dealing 0.5-1bp richer across the major benchmarks. Early in the session House Speaker McCarthy noted that this is no agreement on the US Debt Ceiling. He also said he will stay at the Capitol and continue working until a deal is done. TYM3 deals at 112-18+, -0-01+, a 0-03 range has been observed and Thursday's lows remain intact for now.

  • A thin data calendar for the reminder of the Asian session leaves participants on headline watch.

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