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Ticking Away From Session Highs

US TSYS

Tsys have ticked away from session highs in recent dealing, official PMI CPI from China for July was a touch firmer than forecast weighing at the margins. There has been little macro news flow cross otherwise, tsys remain well with recent ranges. This leaves cash tsys flat to 2bps richer, the curve has bull flattened. TYU3 deals at 111-14+, +0-01+, a touch off the base of the 0-07 range.

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