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Trim Post-US Data Losses, Cash Closed Today

US TSYS

TYZ3 deals at 108-27+, +0-01+, in line with late NY levels.

  • Cash tsys finished flat to 2bps cheaper, light bear flattening was apparent.
  • Tsys trimmed its post-US data losses through into the close, support was seen after headlines crossed of an explosion at the US/Canada border before pre-holiday position squaring saw Tsys continue firming off session lows.
  • Earlier in the session, lower than expected Jobless Claims and a resilient UofMich Survey saw Tsys retreat from session highs before extending losses. Consumer Sentiment, 1-Year and 5-10 Year Inflation Expectations were all stronger than expectations.
  • A reminder that cash tsys are closed today for the observance of the Thanksgiving holiday in the US.
  • There is a thin docket in Asia, generally liquidity will be affected by the aforementioned US holiday.
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