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Still Under Pressure

US TSYS

TYH2 makes fresh session lows, with the lack of escalation surrounding the Russia-Ukraine situation allowing participants to breathe a little easier, at least for now. The contract last deals -0-03+ at 126-09, while cash Tsys sit 2-4bp cheaper across the curve. The front end now leads the sell off, with the 5- to 10-Year zone lagging the broader move. Headline flow remains light.

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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