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US TSYS: Cash Bonds Continue Flattening Theme

US TSYS

TYH4 is trading at 111-10, +06 from NY

closing levels, breaking above Fridays highs but has remained range bound since mid morning.


• Cash bonds have slowly continued the flattening theme throughout the day, with the 2yr now 1.5bps higher, while the 10yr is 1.3bps lower


• There hasn’t been anything meaningful on the newsflow front today.


• In the US session later today, we have the Leading Index (pr,-0.5%, est,-0.3%) data out, and US Tsy $77B 13W, $70B 26W Bill auctions.

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