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Off Session Lows

US TSYS

Tsys have firmed off session lows, local participants perhaps focusing on the headline CPI print which was the lowest since April 2021. However moves have been modest with little follow through thus far. This leaves cash tsys ~1bp richer across the major benchmarks. TYM3 deals at 115-27+, 0-01+, a touch off the top of the 0-03+ range.

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