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Firmer & Flatter

JGBS

JGB futures consolidated overnight gains during the Tokyo session, last +14. The cash JGB curve initially drew support from the overnight move in futures/U.S. Tsys, with the super-long end richening further in the afternoon, longer dated yields print 2.0-2.5bp lower on the day at typing. There has been little in the way of notable headline flow to flag during Tokyo hours. The latest round of BoJ Rinban operations covering 1- to 10-Year JGBs saw some light upticks in the offer/cover ratios.

  • An enhanced liquidity auction for off-the-run 5- to 15.5-Year JGBS headlines the local docket on Thursday.
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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