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US TSYS

Cash Tsys sit 2-6bps richer across the major benchmarks. Continued weakness in U.S. equity futures, with that move centered on conerns re: the U.S. bank sector, has aided the bid in Tsys with pre-NFP positioning & Asia-Pac worry re: banks also factoring in.

  • TYM3 deals at 111-30, +0-14+, the contract has printed its highest level of the month in early trade. The next upside resistance is the 20-Day EMA at 111-31+.
  • Participants look to today's BOJ monetary policy decision when it comes to immediate risk events, keeping one eye on JGB gyrations this morning. Further out, the afromentioned NFP print will headline.

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