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Futures A Touch Lower As BoE Pushes Ahead With QT

JGBS

JGB futures shed 7 ticks in overnight trade, operating in a contained range, in two-way fashion, with the BoE ultimately proving source reports which flagged the potential for a delay to its QT scheme to be incorrect. The same source report had supported wider core FI markets into the London open on Tuesday.

  • Local headline flow has been focused on FX matters, once again, with Finance Minister Suzuki highlighting the increased frequency of the monitoring of FX markets.
  • Looking ahead, the domestic docket sees another parliamentary address from BoJ Governor Kuroda, with an address from BoJ board member Adachi also 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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