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Slight Extension Of Overnight Cheapening

US TSYS

The modest bearish pressure seen in Asia-Pac hours extends, with TYU3 through its overnight base, last trading -0-06+, while cash Tsys sit 2.5-5.0bp cheaper as the curve bear flattens. Comments from BoJ Governor Ueda’s post-meeting press conference have been fairly sedate thus far, allowing bears to capitalise on what looks like spill over cheapening from Bunds.

  • Fedspeak and the latest UoM consumer confidence survey (and inflation expectations components) present the highlights of the NY docket.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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