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Futures Firm Alongside Core Global FI Overnight, 20-Year Supply Due

JGBS

Wednesday’s richening in core global FI markets provided support for JGB futures in post-Tokyo trade, leaving the contract +20 at the end of the overnight session.

  • Rumours re: Japanese taxation alterations continue to do the rounds in the press, however, the latest batch of reports didn’t offer much in the way of differentiation from previously observed speculation.
  • Elsewhere, the latest BBG survey surrounding the BoJ questioned the analytical community on potential successors to BoJ Governor Kuroda when his current term ends in April ’23. It was no surprise to see BoJ veterans Masayoshi Amamiya & Hiroshi Nakaso at the top of the list, given their long-held status as front-runners in that race.
  • Looking ahead, trade balance data, the latest round of weekly international security flow prints from the MoF & 20-Year JGB supply headline domestically 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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