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30-Year Supply Eyed

JGBS

JGB futures held a narrow range during overnight trade, with little in the way of idiosyncratic news flow apparent since the Tokyo close, and a general lack of desire to turn bid late in the NY day, even as U.S. Tsys firmed. The contract shed 4 ticks vs. Tokyo settlement levels as a result. 30-Year JGB supply brings about the first test of local demand in the new FY, although demand may be limited as the Japanese investor cohort could be tempted by offshore yields. Elsewhere, local wage and household spending data is due.

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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