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A tight morning session for futures saw the....>

JGBS
JGBS: A tight morning session for futures saw the contract hit the lunch break 1
tick above settlement levels, while the belly of the cash curve underperformed
as we ground through the morning session as participants looked to the impending
round of 5-Year supply.
- Swap spreads were generally wider across the curve.
- Preliminary Q1 GDP data confirmed that Japan has entered a technical
recession, while the follow up commentary from Economy Minister Nishimura was
quite bland.
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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