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Off Asia Lows


TYM2 has recovered from session lows, with crude futures off their peak (but still ~$5/bbl firmer on the session), while U.S. President Biden’s assertions re: Russia e.g. “Putin will pay a high price over the long run,” having a very limited impact on wider price action. Cash Tsys run 1.0-2.5bp cheaper across the curve, steepening in the process.

MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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