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30-Year JGB Supply Eyed

JGBS

JGB futures shed 5 ticks in overnight dealing, given the modest pressure on U.S. Tsy futures and uptick in Nikkei 225 futures.

  • In terms of the local political backdrop, late Monday saw the former Japanese Foreign Minister and contender in the race for the leadership of the ruling LDP Party, Fumio Kishida, note that he would maintain the 2% inflation target observed by the BoJ if he became Prime Minister. On the fiscal side, Kishida pointed to a stimulatory package that would top Y30tn, with the aim of fighting off the impact of COVID.
  • 30-Year JGB supply headlines the local docket on Tuesday.
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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