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Futures Back To Overnight Closing Levels, Curve Bull Steepens

JGBS

JGB futures extended on their overnight gains during the early part of the Tokyo morning, as local participants reacted to the BoE-driven overnight bid, before paring back from best levels to hit the bell +11. The major cash JGB benchmarks run little changed to 1bp richer, with bull steepening in pay as the long end lags.

  • There hasn't been much in the way of notable domestic headline flow. Japanese Finance Minister Suzuki confirmed earlier speculation re: the government considering Y100K handouts for under 18s, while underlining the need for fiscal discipline.
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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