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Cash trade saw the long end of the curve.......>

JGBS
JGBS: Cash trade saw the long end of the curve catch up to the early
outperformance in the belly, while futures marched higher this morning, going
into the lunch break 30 ticks above yesterday's settlement levels. Bulls now
look to 154.04 in futures, the 61.8% retracement of the Sep-Dec 2019 decline
after forcing a break of the overnight high.
- No comments of note from PM Abe & FinMin Aso, who pointed to the ability to do
more re: fiscal matters on coronavirus, if needed, although they noted that they
aren't at that point at present.
- 20- & 40-Year swaps are tighter vs. JGBs.
- Eyes on 2-Year supply this afternoon.
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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