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Pressure Marginally Extends

US TSYS

Tsys were pressured to session lows as Hong Kong equities advanced on speculation regarding fresh stimulus measures which split over into a wider risk appetite. There hasn't been much follow through on the moves thus far and cash tsys sit 1-2bps cheaper across the major benchmarks, the curve is marginally flatter. TYU3 deals at 113-27, -0-01+, a touch off the bottom of the 0-06+ range.

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