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Firmer On Tsy Impulse & Soft GDP, Futures Pull Back From Spike Higher

JGBS

JGB futures hold overnight gains, last +9 (although pull back from an initial spike higher at the Tokyo open), while cash JGBs are 0.5-1.5bp richer. This comes after U.S. Tsys moved richer in early Asia trade. Domestically, Q4 final GDP data came in softer than expected/prelim, which will also be aiding the bid.

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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