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Narrow Range, Cash Remains Closed

US TSYS

TYH3 deals at 114-24, -0-00+, as it recovers from the base of its narrow 0-04 range this morning. Cash tsys remain closed due to MLK Day. Macro headline flow is subdued this morning, participants look ahead to MLF Operations from China and any further BOJ speculation and resultant moves in JGBs.

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