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Futures continue to pullback from..............>

JGBS
JGBS: Futures continue to pullback from yesterday's all-time highs, as onshore
participants catch up to overnight developments. The contract trades 25 ticks
lower at writing, which represents worst levels.
- Cash trade has seen bear steepening come to the fore after yesterday's
aggressive, potentially cash-led, rally.
- Local services PPI data was ignored by participants.
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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