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*** A sharp move lower in JGBs saw a brief....>

BONDS
BONDS: *** A sharp move lower in JGBs saw a brief breach of the YtD lows for JGB
futures, which now trade off of worst levels. 10-Year JGB yields last 4.6bp
higher at 0.108%.
- There was no particular fresh catalyst for the move, but the space has eased
since Kuroda suggested that yields would be allowed to fluctuate by around
double the amount that was previously prescribed in his press conference
Tuesday, while positioning may have exacerbated the bid on Tuesday.
- Global bonds also moved lower, with T-Notes & Aussie Bonds printing fresh
lows.
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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