CiviMail: {domain.address} truncates first character of address

After:
insert into civicrm_address
( location_id , street_address , city, state_province_id , country_id, postal_code )
values (4, '2917 Ashby Avenue', 'Berkeley', 1004, 1228, 94705)

{domain.address}

gets expanded to:
917 Ashby Ave
Berkeley, CA 94705
United States

e.g., the initial "2" is missing.