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Tick Marginally Lower


Tsys have ticked marginally lower this morning, participants are perhaps using yesterday's richening as an opportunity to square long positions ahead of Friday's NFP print. This leaves cash tsys 1-2bps cheaper across the major benchmarks, light bear flattening is apparent. TYH4 deals at 110-26, -0-03+, a touch off the base of the 0-06+ range.

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