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US TSYS

A very tight round of Asia-Pac trade for Tsys leaves TYU2 +0-02 at 119-29+, with the contract sticking to the confines of a narrow 0-04 range, operating just shy of Monday’s peak on vert limited volume of ~35K. Note that a lack of meaningful macro headline flow, lower than usual liquidity owing to a public holiday in Singapore and the proximity to Wednesday’s CPI print would have given many reason to stay on the sidelines overnight. Cash Tsys are little changed to 1bp richer across the curve.

  • Looking ahead, NFIB small business optimism and unit labour cost data headline the NY economic data docket on Tuesday, with 3-Year Tsy supply also due.
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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