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JGBS

JGB futures added 7 ticks in overnight trade, going out at best levels of the session, benefitting from the firming of U.S. Tsys.

  • Investors may continue to exhibit caution in the long end, given the proximity to tomorrow's 40-Year JGB supply.
  • On the COVID front, the NHK has suggested that the Tokyo Metropolitan Government is considering asking the central government to extend a coronavirus state of emergency in the capital that's due to expire May 31, with officials reportedly concerned about a resurgence if the emergency is lifted too soon.
  • Services PPI data headlines locally on Wednesday. Elsewhere, we will hear from BoJ's Suzuki.
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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