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Slightly Cheaper In Asia-Pac Trade, Treading Water Ahead Of Non-Farm Payrolls

US TSYS

TYU3 deal at 114-22, -1+ from NY closing levels.

  • Cash tsys are 0.4-1.5bp cheaper across benchmarks in Asia-Pac trade.
  • With no major data releases in Japan, China or Europe local participants are likely on headlines watch ahead of May Non-Farm Payrolls later today. BBG consensus expects an increase of 195k after +253k in April.

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