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Futures Back From Tokyo Highs

JGBS

The cash space saw firming of 0.5-1.0bp across the curve, while futures initially showed higher before tapering off into the lunch break, last +9. There has been a lack of meaningful headline flow, although the lunch break has seen the release of the details surrounding the latest round of BoJ Rinban ops, with offer/cover ratios as follows:

  • 3- to 5-Year: 2.45x (prev. 3.02X)
  • 5- to 10-Year: 2.93x (prev. 2.66X)
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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