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Futures back to near unchanged levels in.......>

JGBS
JGBS: Futures back to near unchanged levels in early afternoon trade as the BoJ
formally removed its purchasing limit/target for JGBs (pointing to increased JGB
& Bill purchases to deal with the greater supply burden) and delivered higher
than expected corporate bond/commercial paper purchase limits vs. expectations.
- 7-10 Year zone of the curve still lags in cash trade on the day, although that
underperformance is being pared.
- Swaps sit generally wider across the curve.
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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