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BoJ Due, 0% In 10-Year Yields Eyed

JGBS

{JN} JGBS: JGB futures added 6 ticks in overnight trade, given the richening witnessed in the longer end of the U.S. Tsy curve.

  • Offshore participants may continue to participate in the space after last week's record net buying of Japanese paper on the part of foreign investors (as flagged in the latest round of weekly international security flow data, revealed on Thursday), although the proximity to the 0% yield level in Japanese 10s may limit widespread demand (this is in a broader sense, discounting the impact of FX-swap pickups).
  • The latest BoJ decision headlines the local docket on Friday, with the focus set to fall on the BoJ's "green" policy tweaks (see our full preview here).
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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