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Steeper, Owing To U.S. Tsys


Futures hold steeper in early Sydney trade, with YM -1.5 and XM -3.5 at typing, as the cash curve plays catch up to the moves on SYCOM that were largely driven by fiscal matters in the U.S. and broader month-end flows. Still, XM sits off its SYCOM lows, after U.S. Tsys recovered from cheaps on Wednesday.

  • EFPS are mostly tighter on the day.
  • Bills sit unchanged to -2 through the reds.
  • Lower tier data is evident on the local docket today.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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