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Futures Eye Resistance

JGBS

JGB futures were dragged higher by the rally in U.S. Tsys during the overnight session, ultimately adding 14 ticks vs. Tokyo settlement levels. Bulls haven't been able to force their way through the Mar high (151.71 based on a continuation chart) yet.

  • Local headline flow continues to focus on the viability of the Olympics, in addition to growing speculation surrounding the possibility of a snap general election & economic stimulus later this year.
  • PPI data and a liquidity enhancement auction for off-the-run 5- to 15.5-Year JGBs headline locally on Thursday.
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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