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Futures Firmer On Wider Impetus Overnight, Limited Local Docket Noted

JGBS

The wider bid in core global FI markets observed during the second half of the overnight session for JGB futures (outlined elsewhere) boosted the contract, allowing it to finish post-Tokyo trade +27, just shy of best levels.

  • The firming of the wider core global FI space will likely support the broader JGB curve in early Tokyo trade, although we should be mindful that the longer end of the curve already experienced a notable post-auction bid on Wednesday, after smooth digestion of the latest round of 30-Year JGB supply.
  • There hasn’t been much in the way of meaningful domestic news flow observed since yesterday’s Tokyo close.
  • Looking ahead, weekly international security flow data and money supply readings provide the highlights of a limited local docket 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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