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Futures last trade at 150.97 (-2 ticks),.......>

JGBS
JGBS: Futures last trade at 150.97 (-2 ticks), with the cash curve notably
flatter as the super-long end outperformed following today's 30-Year auction,
with the low price printing above expectations. Paper out to 20-Years was
unchanged to a little softer, swaps were wider in the main.
- The auction garnered extra attention as many view it as somewhat of a
bell-weather for lifer demand in the new FY. Participants will be encouraged by
the strong result given the apparent richness in outright yields heading into
the supply, although it is worth noting that the MoF auctioned Y100bln less than
it did at the final 30-Year auction of the previous FY.
- The JPY, Nikkei 225 & JGBs struggled to find any real trading impetus outside
of the auction, with BoJ Gov. Kuroda sticking to his usual rhetoric in an
address made earlier today.
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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