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Curve Twist Steepens In Wake Of Unscheduled BoJ Purchase Offers

JGBS

JGB futures tick away from lows on the previously outlined round of unscheduled BoJ Rinban (covering 1- to 10-Year JGBs) and fixed rate (1- to 5-Year purchases on top of the usual 5- to 10-Year) operations. That leaves the contract at unchanged levels on the day. The purchase offers have facilitated a twist steepening of the curve with the major benchmarks running 1bp richer to 2bp cheaper as the curve pivots around 10s.

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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