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Modest RBA-Related Bid Unwound, Tight Ranges Prevail

US TSYS

Tsys nudged richer in lieu of the latest RBA decision, albeit comfortably underperforming ACGBs, with the latter benefitting from the dovish feel to the RBA’s latest post-meeting statement, which was delivered alongside the widely expected 25bp rate hike. Tsys now operate shy of best levels, with the major cash benchmarks running flat to 1bp richer, while TYM3 is +0-04 at 111-03+, 0-02+ off the peak of its narrow 0-06 range.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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