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US TSYS

Cash tsys have opened dealing ~2bps richer across the major benchmarks. Asia-Pac participants have faded yesterday's cheapening, perhaps using the opportunity to square short positions ahead of today's FOMC rate decision. TYM3 deals at 114-06+, +0-02+, with a narrow 0-03 range observed thus far.

  • There is a thin data calendar today in Asia-Pac leaving participants on headline watch. The proximity to the aforementioned FOMC decision may limit activity in the Asian session.

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