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A limited start for JGBs, with futures.........>

JGBS
JGBS: A limited start for JGBs, with futures edging higher, finishing the
morning session 8 ticks above settlement after the modest gains registered in
the latest overnight session, while yields are 0.4-1.0bp softer across the
curve.
- The BoJ left the size of its 1-5 Year Rinban operations unchanged, the offer
to cover ratios can be seen below:
- 1-3 Year: 2.89 (prev. 2.97)
- 3-5 Year: 2.27 (prev. 2.78)
- Focus now turns to an address from BoJ Gov Kuroda due at the bottom of the
hour, ahead of 20-Year JGB supply tomorrow.
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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