TYM2 reverses the early gap higher to last trade -0-00+ at 119-18, registering a fresh session low in the process. The contract has operated in a 0-07 range thus far. The modest downtick comes as the Hang Seng Tech Index unwinds its own early downtick (although e-minis remain comfortably lower on the day). Cash Tsys sit little changed to 1.5bp cheaper across the curve, bear steepening.
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