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US TSYS: Muted Move Post BoJ Announcement, China Equity Rally Fizzles

US TSYS

TYH4 is trading at 111-16+, + 00+ from NY closing levels.

• Subdued move in cash bonds post the BoJ decision. The 2yr is 1bp lower today and unchanged from prior, with the 10yr about 1.7bp lower, reflecting about a 1bp move lower since BoJ rate decision.

• China equity market rally has fizzled a bit after the Hang Seng initially rallied 3.5%, currently trading 2.7% on the day, while the CSI 300 has reversed all gain to be trading 0.20% lower today.

• As a reminder the BOJ Ueda presser is still to come

• US data is light on tonight, with Richmond Fed Manufacturing index, and Tsy 2Y note sales the only things to note

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