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US TSYS

Asia-Pac investors don't seem particularly keen to drive a fresh bid in the U.S. Tsy space, which is understandable given the lack of fresh macro catalysts evident since the NY close, alongside the aforementioned multi-month lows being registered in both 10- & 30-Year Tsy yields. This has resulted in some modest cheapening in the space, with T-Notes +0-02+ at 133-09+ as a result, while cash Tsys run little changed to 1.5bp cheaper, with some light bear steepening in play.

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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