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Futures Lead the Way, 20-Year Supply Eyed

JGBS

Futures hold below settlement levels, although the contract has edged away from the overnight lows during the Tokyo morning, to last trade -9 ahead of the break. The wings of the cash curve have actually seen some light richening vs. closing levels, with 7s leading the weakness witnessed elsewhere, pointing to a potential for a futures led-move. This afternoon's 20-Year JGB supply will provide the focal point of today's session.

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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