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Muted Start, Cash Closed Until London

US TSYS

TYM3 deals at 116-10, -0-08, a touch off the top of the narrow 0-03 range observed thus far. Moves have been limited thus far in a muted start to Friday's dealing, with the proximity to today's NFP print as well reduced liquidity due to a Japanese holiday perhaps keeping participants on the sidelines.

  • A reminder that cash tsys are closed until the London session due to the aforementioned Japanese holiday.
  • Coming up the main focus points for local participants will be the RBA Statement on Monetary Policy and the China Caixin Services PMI print.

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