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TY Breaches Monday's High

US TSYS

Tsys have firmed off session lows with TY briefly dealing above Monday's high before marginally paring gains. The move comes alongside a move lower in the USD/JPY, printing its lowest level since 16 June, which has spilled over into broad based USD weakness. There was no obvious headline driver for the move. This leaves cash tsys ~1bp richer across the major benchmarks. TYU3 deals at 111-08+, +0-04, a touch off the top of the 0-05 range.

  • Block buyers in FV (1.5k lots) and UXY (1,737 lots) have also added a layer of support.

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