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Chopping Around The Range

JGBS

JGB futures have chopped around within a relatively narrow range, last -5 at worst levels of the day, as both the JGB and swap curves steepen, with some weakness in the respective super-long ends in the wake of the steepening seen on the U.S. Tsy curve on Wednesday.

  • There was little of note to drive matters on the domestic front.
  • The latest round of weekly international security flow data revealed that foreign investors registered a 3rd straight week of net purchase of Japanese bonds (Y392.4bn), as the 4-week rolling sum of the measure moved into positive territory for the 1st week in 4.
  • Flash PMI and CPI data headline the local docket on Friday.
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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