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Extended State Of Emergency?

JGBS

The twist flattening of the U.S. Tsy curve provided some support for JGB futures in the final overnight session of last week, with the contract adding 5 ticks to settlement levels come the bell, sticking to the confines of a narrow range.

  • Yomiuri reported this morning that Japan plans to extend the Covid-19 state of emergency in place in some regions beyond the end of the month. The piece came on the heels of Chief Cabinet Sec Kato's appearance on a NHK programme on Sunday, during which the off'l signalled that such an option would be discussed. Kato also suggested that in the case of an extension, the new deadline across the regions would probably match the expiration of Okinawa's state of emergency, which falls on Jun 20.
  • 1- to 5-Year BoJ Rinban operations headline the local docket on Monday.
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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