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Futures A Touch Softer Overnight, Rinban & PPI Due

JGBS

JGB futures cheapened alongside U.S. Tsys in the overnight session, finishing 7 ticks below Tuesday’s settlement levels, a touch above their post-Tokyo trough. An early Asia downtick in Tsy futures may apply some light pressure to JGB futures at the re-open.

  • PPI data, BoJ Rinban operations covering the 1- to 10-Year zone of the curve dominate the local docket today, with participants also on the lookout for confirmed position switches/new faces when it comes to the Japanese government cabinet reshuffle.
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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