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Following Broader Swings Overnight

JGBS

JGB futures recovered from worst levels overnight, following the broader impetus of global core FI markets, ultimately ending post-Tokyo dealing 3 ticks below settlement levels. The contract stuck within the range observed since U.S. NFPs hit on Friday, after the long end of the JGB curve led the bid observed during Monday’s Tokyo session (the bull flattening pointed to the potential for domestic lifers buying super-long JGBs, given their investment intention guidelines).

  • Household spending and wage data headlines the local docket on Tuesday, with BoP & bank lending data also due. Elsewhere, 10-Year JGBi supply is due.
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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