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Supported By Lower Crude

US TSYS

The previously outlined move lower in crude has continued to support Tsys, with a fresh bid seen since the re-open of cash trade at the top of the hour. TYU2 has looked through Wednesday’s high, but now operates 0-03 off of best levels, +0-05+ at 117-04. Meanwhile cash Tsys sit 2.0-3.5bp richer across the curve, with the belly leading. An uptick in the Nikkei 225 the ability of e-minis to recover from worst levels and crude has likely capped the bid in Tsys, for now.

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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