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US TSYS

Cash tsys have re-opened 1-4bps richer across the major benchmarks after being closed yesterday for the Independence Day holiday. The curve has bull steepened reflecting the moves seen in futures yesterday. TYU3 deals at 112-01+, +0-03+, a touch off the top of the observed 0-04 range.

  • Caixin Services PMI data from China headlines in Asia today, a downtick to 56.2 from 57.1 is expected.

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