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A softer dollar on the back of growth..........>

JGBS
JGBS: A softer dollar on the back of growth worries and higher rates were the
key takeaways from the EU/US session, and could lead to a busier than usual
start in Tokyo dealing. US 10-Year yields sit a little over 2.90%, with T-Note
futures in close proximity to their EU/US session lows and USDJPY last trading
around 106.80.
- Today's BoJ Rinban operations will cover the 1-10 Year buckets.
- Barclays believe that the pressure seen in global bond markets on Wednesday
could allow "JGB sellers to take a slight upper hand around the super-long end,
which has turned noticeably rich, after USTs sold off sharply overnight."
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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