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Now On The Backfoot, Tight Ranges Persist

US TSYS

Not much to point to as Tsys cheapen in recent trade, with the early firmness in JGB futures and short to intermediate zone of the JGB curve holding (cross-market correlation breaking down in the immediate, intraday price action). That leaves TYH3 -0-04 at 114-17+, which represents a fresh session low, albeit with the contract holding a narrow 0-04+ range. Cash Tsys sit flat to 0.5bp cheaper across the curve.

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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