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A limited morning for JGB futures, with the....>

JGBS
JGBS: A limited morning for JGB futures, with the contract continuing to hover
just above the overnight session lows. A positive session for risk appetite
limited the early bounce in the contract.
- The JGB curve bear steepened this morning.
- The BoJ left the sizes of its 1-5 & 10-25+ Year Rinban operations unchanged.
Offer to cover ratios as follows:
- 1-3 Year 3.20x (prev. 3.88x), 3-5 Year 3.31x (prev. 4.19x), 10-25 Year 3.30x
(prev. 2.31x), 25+ Year 3.97x (prev. 3.26x).
- BoJ Governor Kuroda offered little new in his latest address in the Diet.
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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