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Ticking Lower, Ranges Remain Narrow

US TSYS

Tsys continue their downtick in Asia, however ranges remain narrow. There has been little meaningful macro news flow however regional equities and US Equity Futures are firmer and the Antipodeans are outforming in the G-10 space. This leaves cash tsys 2-3bps cheaper across the major benchmarks, light bear flattening remains apparent. TYZ3 deals at 110-22+, -0-07, a 0-09 range has been observed.

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