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Narrow Ranges Persisting

US TSYS

Narrow ranges are persisting in early dealing, there has not been much follow through on moves however we have ticked away from session highs. The downtick from session highs wasn't driven by an overt macro headline driver and the cross asset space remains stable. Cash tsys sit flat to 1bp richer, light bull steepening is apparent. TYZ3 deals at 106-03+, -0-03+, a 0-03+ range has been observed.

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