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Tsys Tick Away From Cheaps, Supporting Wider Core Global FI

BONDS

Tsys seem to lead core global FI markets a little further away from lows.

  • Little in the way of overt catalysts to drive the move outside of a slightly softer than expected headline Philly Fed survey print, which was accompanied by a slightly less expansionary prices paid metric when compared to the month prior.
  • The move comes despite U.S. weekly initial jobless claims moving below 200K.
  • Some rhetoric from the Israeli defence Minister re: Gaza came after the fact, so we wouldn’t point to that as key driver here.
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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