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US TSYS

Cash tsys are 2bps cheaper to 1bp richer across the major benchmarks, light twist flattening has been observed with the curve pivoting on 7s. Asia-Pac participants are digesting remarks late in yesterdays NY session by Tsy Sec Yellen, she softened her language on deposit insurance pledging additional actions if warranted. TYM3 deals at 115-27, -0-04+, with a 0-07 range observed thus far.

  • There is a thin docket in Asia Pac today leaving participants on headline watch.

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