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Correcys "twist flattened" to "twist...........>

JGBS
JGBS: Correcys "twist flattened" to "twist steepened":
- Slight pressure on JGB futures in early afternoon trade sees futures print
below the bottom of themorning range, with the offer to cover ratios in the
latest round of the BoJ's 1-10 Year Rinban ops edging higher, with spreads
widening (1-5 Year spreads were still in -ve territory, 5-10 Year spreads were
marginally positive).
- Curve has twist steepened thus far, with the long end underperforming.
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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