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Tight Start To Asia Trade

US TSYS

TYU2 sticks to a very narrow 0-03 range in early Asia trade, with a lack of meaningful macro headline flow leaving participants sidelined. The contract last deals +0-07+ at 116-30 as a result, with cash Tsys running little changed to 1bp cheaper across the curve, bear steepening at the margin. Chinese equity market gyrations will likely set the tone in Asia, as participants weigh up Tuesday’s pull lower in U.S. equities after the well-documented, positive news surrounding China’s COVID-19 quarantine policy supported Chinese equities into Tuesday’s local close.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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