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T-Notes Off Best Levels As Cash Trade Re-Opens

US TSYS

TYH2 extended the late NY squeeze that was facilitated by a well-received round of 20-Year Tsy supply, topping out around the cash Tsy re-open. The contract then pulled back a little to last trade +0-08 at 130-26, around late NY levels and 0-02+ off session highs. Cash Tsy benchmarks are flat to 1bp richer, with 2s leading, while 20s & 30s lag. There hasn’t been any notable headline flow to drive the space.

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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