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TYH2 Through Resistance, But Then Backs Off Best Levels

US TSYS

TYH2 trades through previously outlined technical resistance, before backing away from best levels to last deal +1-00 at 127-09. Bulls now look to the Feb 4 high (127-24) as the next level of meaningful technical resistance, with Ukraine-Russia matters the only game in town when it comes to overnight headline flow. Cash Tsys run 9-13bp richer on the day, 7s continue to lead the bid.

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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