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JGBS

JGB futures softened in overnight trade as U.S. Tsy yields ticked higher.

  • Recent headlines from NHK noted that the Japanese government is mulling the imposition of tougher COVID restrictions in the regions surrounding Tokyo, building on the restrictions outlined and imposed over the last week or so, although there has been little else of an idiosyncratic nature.
  • An enhanced liquidity auction for off-the-run 5- to 15.5-Year JGBs headlines the local docket on Thursday, with little in the way of worry apparent re: takedown & digestion given the trends observed at the recent auctions.
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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