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US TSYS

Cash tsys have opened dealing ~1bp richer across the major benchmarks. Local participants are perhaps using Thursday's cheapening as an opportunity to close short positions ahead of Fed Chair Powell's Jackson Hole speech. TYU3 deals at 109-19, unchanged from yesterday's settlement level, a 0-02 range has been observed thus far.

  • A thin docket in Asia today leaves participants on headline watch.

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