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Futures Give Back Modest Uptick Overnight, 40-Year JGB Supply Due

JGBS

JGB futures pulled back from best levels in overnight dealing to finish the session 3 ticks below settlement, with a lack of meaningful domestic news flow evident since Thursday’s Tokyo close.

  • Japan's government maintained its broad economic assessment for a fifth straight month late on Thursday, but lowered its assessment on public investment for the first time since October 2021.
  • Looking forwards, Tokyo CPI & services PPI data headlines the economic docket today, with 40-Year JGB supply also due (more on that will follow in our auction preview later today). Note that the median of the BBG survey looks for all 3 of the Tokyo CPI prints to move 0.1ppt higher when it comes to the Y/Y readings.
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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