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Struggling For Clear Direction

US TSYS

There has been a lack of notable major headline flow behind the relatively modest moves observed thus far. TYM2 caught a light bid as e-minis moved away from best levels. That was before some light selling pressure was observed around the cash Tsy re-open, with the major cash Tsy benchmarks running little changed to 1bp cheaper vs. late NY levels early on. This leaves TYM2 unch. at 120-12 last, around the middle of a narrow 0-05+ early range.

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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