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Moderately Richer

US TSYS

Cash Tsys now sit 1-4bp richer across the major benchmarks, the curve has bull flattened. TYH3 deals at 113-18, 0-02, a touch off the top of its 0-07+ range. Participants have faded the latest leg of post-NFP cheapening this morning after frenetic moves in recent sessions.

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