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A very limited morning session for the JGB.....>

JGBS
JGBS: A very limited morning session for the JGB space with futures sticking to
a narrow range, holding a little above the overnight low, finishing the morning
session 5 ticks below settlement at 151.75.
- Modest underperformance in the belly today ahead of 5-Year supply. 5s looks
relatively attractive vs. 7s in Z-spread & ASW terms, although 7s offer a much
more attractive carry and roll proposition.
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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