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Ticking Lower

US TSYS

Tsys are ticking lower in recent dealing, participants are perhaps focusing on yesterday's strong GDP numbers this morning. The USD is marginally softer and US Equity futures and Oil are firmer. Cash tsys now sit ~2bps cheaper across the major benchmarks. TYZ3 deals at 106-07, -0-04, a touch off the base of the 0-04+ range.

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