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JGBS

Futures added 5 ticks during the Tokyo morning, with cash JGBs hitting the bell little changed to 1.0bp richer as 10s have a look below the 0.01% yield level.

  • The domestic COVID situation continues to dominate headline flow, with Japan's top medical advisor noting that the authorities are considering placing the entire country under a state of emergency.
  • The latest round of BoJ Rinban operations revealed the following offer/cover ratios:
  • 1- To 3-Year: 2.19x (prev 2.38x.)
  • 3- To 5-Year: 2.15x (prev. 2.40x)
  • 10- To 25-Year: 2.26x (prev. 2.16x)
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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