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TYM3 Retests Session Highs

US TSYS

TYM3 retests session highs as JGB futures catch a fresh bid. There hasn’t been anything in the way of meaningful headline flow post-BoJ, which leaves reshuffles of hawkish pre-meeting positioning in JGBs and continued worries re: the U.S. banking sector at the fore. Cash Tsys are 6-12bp richer, with the front end leading and the bull steepening theme intact.

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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