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Richening Marginally Extends

US TSYS

Cash tsys are holding richer, sitting 2-3bps richer across the major benchmarks. The marginal extension of the richening comes alongside pressure on the USD, an offer in USD/JPY has spilled over into wider pressure on the greenback in Asia. TYM3 sits at 115-03, +0-03+, a touch off session highs with a 0-06 range observed thus far.

  • A thin docket for the remainder of the Asia-Pac session leaves participants on headline watch.

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