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Firm, Longer Dated Swap Spreads Tighten

JGBS

Cash JGBs traded firmer during the Tokyo morning with 7s leading the way, richening by ~2.0bp as the cash space played catch up to the U.S. Tsy-driven jump in futures during overnight trade. JBM1 hit the break +15, incrementally adding to the overnight rally, after an early, limited dip. Longer dated swap spreads tightened by 0.5-1.0bp.

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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