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Ticking Away From Session Lows

US TSYS

Tsys have ticked away from session lows in recent dealing. The move came alongside marginal pressure on the USD as USD/JPY reversed gains. Ranges remain narrow and little macro newsflow has crossed thus far. This leaves cash tsys 3-4bps cheaper across the curve, the belly leads the cheaps. TYZ3 deals at 108-08, -0-04+, a 0-07+ range has been observed.

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